Answer
Apr 03, 2025 - 11:53 AM
Certainly! The three primary financial statements in accounting are the balance sheet, the income statement, and the cash flow statement. The balance sheet provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. The income statement shows the company's revenues and expenses over a period, reflecting its profitability, while the cash flow statement details the inflows and outflows of cash, highlighting the company's liquidity and financial flexibility.
