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How many financial statements are there?
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Answer Posted / mohammed abdul qadeer
Financial statement are of different types depending on the
nature of the firm/organisation/company.Basically financial
statement involves two major statements P&L,and Balance
sheet to know the stability of the company. But there are
numerous statements which are required on demand to several
parties like Partners, shareholders, public, investors etc.
Financial ratios
Return of Investment
Shareholders equity
Retained Earnings
Auditors report
These are also considered as financial statements.
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