Four Basic Financial Statements, accounting homework help

User Generated

Ze.Haxabja

Business Finance

Description

This is a discussion question in my class that needs to be answer. Please use own words or cite-in-text with reference.

What are the four basic financial statements? What is the primary purpose of each of the four basic financial statements? In your opinion, which financial statement is the most important? Explain why.

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Here is the answer. Thanks

Financial statements of a company is the snapshot of its financial performance and
position. Four basic financial statements include
(i) Income Statement
(ii) Balance Sheet
(iii) Cash Flow Statement
(iv) Statement of Change in Equity
Each of the financial statement has a specific purpose. The purpose of each financial
statement are pointed o...


Anonymous
Really great stuff, couldn't ask for more.

Studypool
4.7
Indeed
4.5
Sitejabber
4.4

Related Tags