Accountancy, asked by ay8197626, 10 months ago

What is financial statements.. explain it..?​

Answers

Answered by gurj57364953
41

Answer:

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Explanation:

Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity. ... A balance sheet or statement of financial position, reports on a company's assets, liabilities, and owners equity at a given point in time.

Answered by Anonymous
2

Answer:

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Explanation:

Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes. Financial statements include: Balance sheet.

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