Terms - Component Of Financial Statement Flashcards
0
Q
Income Statement
A
A statement showing income and expenses to calculate profit or loss at a particular period of time.
1
Q
Balance sheet
A
A statement showing the assets of the business at a particular period of time
2
Q
Statement of comprehensive income
A
A statement showing income and expenses combining all other comprehensive income at a particular period of time.
3
Q
Statement of changes in equity
A
A statement showing the changes in equity of a business at a particular period of time
4
Q
Statement of cash flow
A
A statement showing the changes in cash balance of a business at a particular period of time
5
Q
Notes
A
A statement showing accounting policies and explanatory notes of a business
