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What are financial statements? What info...

What are financial statements? What information do they provide.

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Financial statements area unit written records that convey the business activities and also the money performance of an organization. money statements area unit usually audited by government agencies, accountants, firms, etc. to confirm accuracy and for tax, financing, or finance functions. money statements include:
Balance sheet
Income statement Cash
flow statement.
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Knowledge Check

  • Financial Statements consist of

    A
    Trial Balance
    B
    Trading and Profit and Loss Account
    C
    Balance Sheet
    D
    Both b and c
  • Financial Statements consist of

    A
    Trial Balance
    B
    Trading and Profit and Loss Account
    C
    Balance Sheet
    D
    Both b and c
  • What is financial inclusion?

    A
    To provide a permanent employment to the unemployed
    B
    To provide a 100 days job to all those who are in need of a job
    C
    to provide banking servies to all those living in remote areas
    D
    To ensure that all financial transactions amounting Rs 5,000 and above are done through banks.
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