Question

what is financial statements? why it is important??​

Answer 1

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${\green{\mapsto}}$ ${\pmb{\mathbb{\text{\red{Financial statements}}}}}$ provide a snapshot of a corporation's financial health, giving insight into its performance, operations, and cash flow. ${\pmb{\mathbb{\text{\red{Financial statements}}}}}$ are essential since they provide information about a company's revenue, expenses, profitability, and debt.

$\bf{\pmb{\mathbb{\fbox{\red{Hope it's help you}}}}}$

Answer 2

Answer:

Financial statements are written records that convey the business activities and the financial performance of a company.

It is important because these insure at anytimes the company have a record of everything

Explanation:

these financial statements include information about the company money flow,income etc..

these documents are always pretty important for companys

hope it helps

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