What is a financial statement?
Q: What is a financial statement?
A: A financial statement is a document that contains financial information, such as income and transactions, of a person, company, government or organization.
Q: Who uses financial statements?
A: Financial statements are used by people and organizations to make decisions on the subject of the statement, such as whether or not to invest in a company and at what price.
Q: What type of information is included in a financial statement?
A: Financial statements include information such as income and transactions of the subject.
Q: What is the purpose of a financial statement?
A: The purpose of a financial statement is to provide financial information about a person, company, government or organization in order to help others make informed decisions about investing or other financial matters.
Q: Why are financial statements important?
A: Financial statements are important because they help people and organizations make informed decisions about investing or other financial matters.
Q: Can financial statements be used to compare different companies?
A: Yes, financial statements can be used to compare different companies and their financial performance.
Q: Are financial statements only used by businesses?
A: No, financial statements are not just used by businesses. They can also be used by individuals, governments and organizations.
