The financial statement of business may always generate by company to record some sort of financial data. This statement may prepared by company to provide their investors with various financial information of company’s accounts. No doubt, the investors and creditors of company can simply use a financial statement to carry out or analysis the financial performance of company in marketplace. A financial statement may also note as a business report which thoroughly cover the finance information of business & it’s new or ongoing projects. Apart of this, we can also call it as a petty cash statement. So, the financial statement may further recognized as expense report, income statement or balance sheet which assist the company to communicate with interested outside parties. Seemingly, this statement will support the investors to know how retained earnings of business are there. In addition, a financial statement may equally help the both parties to professionally focus on different areas of financial performance.
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