What are the 3 basic financial statements?

Answer 1

Balance Sheet Statement of Income Statement of Shareholders (Owners') Equity Statement of Sources and Applications of Cash (or Funds) Balance Sheet Statement of Income Statement of Shareholders (Owners') Equity Statement of Sources and Applications of Cash (or Funds)

Answer 2

Periodic Financial Reports are reports which are prepared by qualified persons such as an Accountant of an Organization to summarise all the financial transactions for that period. A period is a year. Financial reports consists of Profit and Loss accounts, Cashflow statements, Value added Statements, Balance sheets, e.t.c.

Answer 3

The main accounting statements, also called financial statements, are the balance sheet, the income statement, the statement of owners' equity (or the statement of shareholders' equity) and the statement of cash flows.

Answer 4

The three major financial statements that are generally included in a company's annual reports are:

1. Balance Sheet
2. Income Statement
3. Statement of Cash Flows

Answer 5

balance sheet

Income statement

Cash flow statement

Answer 6

There are actually 4 basic financial statements-

1) balance sheet

2) income statement

3) statement of cash flows

4) statement of retained earnings

Answer 7

Statement of Financial Position (Balance Sheet), Statement of Financial Performance (Revenue and Expense or Profit an Loss) and Statement of Cash Flows.

Answer 8

Following are different financial statements:

1 - Income statement

2 - balance sheet

3 - Cash flow statement

4 - Statement of owner equity.