Financial statements accounting

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Understanding Financial Statements, Income Statement And Balance Sheet, Ifrs Accounting Finance, Accounting Notes, Accounting 101, Accounting Classes, Learn Accounting, Accounting Tips, Accounting Education

There are three basic types of financial statements viz. balance sheet, income statement, and cash flow statement. Some consider the statement of stockholders equity also. In the true sense, explanatory footnotes should also be called as financial statements. Let's understand each form of financial statement in brief.

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