What are the five of financial statement?

1.	What are the five of financial statement?
Answer» Balance Sheet- It is a tabular sheet of balances of assets, liabilities, and equity. Income Statement- It is a statement of calculation of the income of a particular period showing Net Sales and all types of expenses. Statement of Cash Flows- A cash flow statement is simply a statement of cash generation and its use categorized under different activities. Statement of Shareholder’s Equity- It is a statement showing the capital investment by stockholders and the retained earnings of the company. Footnotes to Financial Statements- All other information in the annual report other than quantitative statements like above are footnotes.

Answer»

Balance Sheet- It is a tabular sheet of balances of assets, liabilities, and equity.

Income Statement- It is a statement of calculation of the income of a particular period showing Net Sales and all types of expenses.

Statement of Cash Flows- A cash flow statement is simply a statement of cash generation and its use categorized under different activities.

Statement of Shareholder’s Equity- It is a statement showing the capital investment by stockholders and the retained earnings of the company.

Footnotes to Financial Statements- All other information in the annual report other than quantitative statements like above are footnotes.

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