N niyati Member Jun 23, 2025 #1 Hello Friends! Could anyone tell me essential statements between balance sheet, P&L, cash flow
D daisyfrank New member Jun 24, 2025 #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 Member Jun 25, 2025 #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
G Gsusangrey Member Jul 21, 2025 #4 Sure, let me find out the essential statements.The essential financial statements are: Balance Sheet: A snapshot of a company's assets, liabilities, and equity at a specific point in time. Profit & Loss (P&L) Statement (Income Statement): Shows a company's revenues, expenses, and net income over a period. Cash Flow Statement: Details cash inflows and outflows from operating, investing, and financing activities over a period.
Sure, let me find out the essential statements.The essential financial statements are: Balance Sheet: A snapshot of a company's assets, liabilities, and equity at a specific point in time. Profit & Loss (P&L) Statement (Income Statement): Shows a company's revenues, expenses, and net income over a period. Cash Flow Statement: Details cash inflows and outflows from operating, investing, and financing activities over a period.
