Financial statements
Understand the Problem
The question seems to be a general inquiry about financial statements. It may be asking for definitions, types, or the importance of financial statements in accounting.
Answer
Balance sheet, income statement, cash flow statement.
The three main types of financial statements are the balance sheet, the income statement, and the cash flow statement.
Answer for screen readers
The three main types of financial statements are the balance sheet, the income statement, and the cash flow statement.
More Information
These financial statements together provide a comprehensive overview of a company’s financial health, covering assets, liabilities, revenues, expenses, and cash flow activities.
Tips
Confusing the balance sheet and income statement: remember, the balance sheet shows assets, liabilities, and equity at a point in time, while the income statement shows income and expenses over a period.
Sources
- The web page with info on - Investopedia - investopedia.com
- Financial Statements - The Corporate Finance Institute - corporatefinanceinstitute.com
AI-generated content may contain errors. Please verify critical information
