Question

what do you mean by financial statement​

Answer 1

Financial statements are formal records of the financial activities and position of a business, person, or other entity.

Answer 2

⭐HELLO MATE⭐

✌✌ANSWER✌✌

✒️ Financial statements are reports prepared by a company’s management to present the financial performance and position at a point in time. A general-purpose set of financial statements usually includes a balance sheet, income statements, statement of owner’s equity, and statement of cash flows. These statements are prepared to give users outside of the company, like investors and creditors, more information about the company’s financial positions. Publicly traded companies are also required to present these statements along with others to regulator agencies in a timely manner.

#hope it help uh...

BRAINLIEST PLSS