In what order are the four primary financial statements prepared

Question

Clayton Robbins

Business

2 February, 08:01

In what order are the four primary financial statements prepared

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Ruben Herman · Answer 1

Below is the order are the four primary financial statements prepared:

income statement,

statement of retained earnings,

balance sheet

statement of cash flows.

Financial statements demonstrate how well a business has performed throughout the year and the level of benefit accomplished. Speculators and controllers may settle on choices for a private company in light of the data gave by budgetary explanations. Budgetary articulations must be set up in an arrangement in light of the fact that the data in one is required for the following.