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What are the four basic financial statements in accounting?

Answer:

1 - Profit and loss account
2 - Balance Sheet
3 - Statement of cash flow
4 - Statement of changes in equity

First answer by Jabirshah. Last edit by Jabirshah. Contributor trust: 182 [recommend contributor ]. Question popularity: 1 [recommend question].

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What are the four basic financial statements?
The four major financial statements are: Income statement Balance sheet Statement of owner's equity Cash-flow statement
What are the 3 basic financial statements?
There are actually 4 basic financial statements- 1) balance sheet2) income statement3) statement of cash flows4) statement of retained earnings
What are three basic financial statements?
Statement of Financial Position (Balance Sheet), Statement of Financial Performance (Revenue and Expense or Profit an Loss) and Statement of Cash Flows.
What financial statement has accounting estimates?
All of them. Any estimate or accrual of expenses will affect the Income Statment and the Balance Sheet and therefore the Cash Flow.
Are the basic four financial statements adequate for users of a firms financial data?
1. Balance Sheet 2. Income Statement 3. Cash Flow Statement 4. Statement of changes in equity