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Types in the financial statements

Types in the financial statements

Financial statements signify the formal record of financial activities of person on his or her business. These financial statements come in written reports that measure the strength of the finance of business, liquidity and performance of a business or company. These statements reflect the effects of finance on the business events and transactions of the entity. There are four types in the financial statements. They are financial position statement, cash flow statement, income statement and changes in the equity. Statements…

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