3 Most Common Financial Statements

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3 Most Common Financial Statements

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The three major financial statements are prepared as a summary of figures and facts showing the financial condition of a business They are not only used to show how a business uses its funds committed by the shareholders and the lenders but also to see where the business stands in terms of its financial position Image credit Kelly Sikkema A financial statement segments into three divisions Balance sheet income statement and cash flow statement Among these 3 major financial statements the most important financial statement is the income statement

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