What is FINANCIAL STATEMENT?

A report showing the firm’s funds. It shows how invested funds are being used by a firm. It shows the current position of a company. It can be a balance sheet, income sheet, profit and loss account, or cash flow statement. It is meant to show the way fund

More On This Topic



Link to This Definition
Did you find this definition of FINANCIAL STATEMENT helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary