N niyati New member Monday at 11:03 AM #1 Hello Friends! Could anyone tell me essential statements between balance sheet, P&L, cash flow
D daisyfrank New member Yesterday at 10:08 AM #2 The essential financial statements are the Balance Sheet (shows assets, liabilities, and equity), Profit & Loss (P&L) Statement (shows income and expenses), and Cash Flow Statement (tracks cash inflows and outflows).
The essential financial statements are the Balance Sheet (shows assets, liabilities, and equity), Profit & Loss (P&L) Statement (shows income and expenses), and Cash Flow Statement (tracks cash inflows and outflows).
M maria New member Today at 12:42 PM #3 StatementPurposeKey Components1. Balance SheetShows the company’s financial position at a point in time.Assets = Liabilities + Equity2. P&L Statement (Profit & Loss / Income Statement)Measures performance over time (profitability).Revenue, Cost of Goods Sold, Expenses, Net Profit3. Cash Flow StatementTracks cash inflows & outflows from operations, investing, and financing.Operating, Investing, Financing Activities
StatementPurposeKey Components1. Balance SheetShows the company’s financial position at a point in time.Assets = Liabilities + Equity2. P&L Statement (Profit & Loss / Income Statement)Measures performance over time (profitability).Revenue, Cost of Goods Sold, Expenses, Net Profit3. Cash Flow StatementTracks cash inflows & outflows from operations, investing, and financing.Operating, Investing, Financing Activities
