Question

financial statement consists of?

Answer 1

Explanation:

A set of financial statements includes two essential statements: The balance sheet and the income statement. ... The balance sheet (sometimes also known as a statement of financial position) The income statement (which may include the statement of retained earnings or it may be included as a separate statement)

Answer 2

Answer:

A set of financial statements includes two essential statements: The balance sheet and the income statement. ... The balance sheet (sometimes also known as a statement of financial position) The income statement (which may include the statement of retained earnings or it may be included as a separate statement).