Financial statements are the reports or statements that provide the detail of the entitys financial information including assets liabilities equities incomes and expenses shareholders contribution cash flow and other related information during the period of time. The statement reports the revenue earned and expenses incurred during the period.
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The following are the main types of audited financial statements.
. An income statement shows the performance of the company during a fiscal year. These statements normally require an annual audit by independent auditors and are presented along with other.
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