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How do you make a financial statement?

Answer:

there are 3 financial statements basically:

Income Statement takes into account for income,expenses and hence profits

shows performance of the company

Balance Sheet takes into account for assets,liabilities and capital

shows position of the company

Cash Flow Statement takes into account all cash in and cash out

shows cash n liquidation status of the company

First answer by Moontheidl. Last edit by Moontheidl. Contributor trust: 11 [recommend contributor ]. Question popularity: 3 [recommend question].

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