0
They are the Income Statement also known as Profit and Loss and the other one is the Statement of Financial Position also known as Balance Sheet.
Wiki User
∙ 13y ago
Wiki User
∙ 10y agoFollowing are the two major financial statements:
1 - Income Statement
2 - Balance sheet
Add your answer:
Earn +20 pts
What are the two important financial statements produce by accounting?
Following is the two major financial statements: 1 - Income statement 2 - Balance Sheet
What is financial statement?
financial comparison statement is a statement showing the trend in which financial figures are changing between two accounting period.
What is Financial comparative statement?
financial comparison statement is a statement showing the trend in which financial figures are changing between two accounting period.
What are the four basic financial statements?
The four major financial statements are:Income statementBalance sheetStatement of owner's equityCash-flow statement
Can you consider notes to financial statement to be a financial statement?
Notes to financial statement can be considered to be a financial statement since they report the details and additional information that are left out.
Is income statement same as financial statement?
no. income statement is a only a statement in financial statements.
Where can one find financial statement software?
CNet is a resource for a variety of downloads, including financial statement software downloads. This software can also be found at Financial Statement Pro and My Financial Statement.
What are three major financial statements used by decision makers outside the firm?
Income statement Trend analysis and Growth Rate Financial Rate
What is a Statutory financial statement?
A statutory financial statement is a financial statement of an insurance company prepared in accordance with statutory accounting standards.
What should a businesses financial statement contain?
it should contain statement of comprehesive statement, statement of financial position and statement of cashflows
What is the difference between final account and financial statement?
Financial Statement: Financial statement is a instrument used to present a companies financial position. Financial statement complies with balance sheet, cash flow and funds flow statements. Final accounts is the final stage of preparation of financial statement
What are the two major financial market-traded forms of financial derivatives?
Futures and options
