Financial Statements - What are the four basic financial statements?

Q: What are the four basic financial statements?

There are four main financial statements. They are: (1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholders' equity. Balance sheets show what a company owns and what it owes at a fixed point in time.

Answer

In finance, there are four primary accounts. Statements of shareholders' equity, income statements, balance sheets, and cash flow statements are the four main financial documents. The assets and liabilities of a business are detailed in its balance sheet at a specific point in time.

Financial Statements - What are the four basic financial statements?

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