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Financial statements

‪@maaccountinghub‬ Financial statements; This video helps you to understand the basic concept of accounting. In this video i have explained financial statements, income statement and balance sheet along with definitions. Briefly elaborated income statement and balance sheet formats with examples. The company's financial statements are a snapshot of its current financial position and performance. They show how much money the company has, how much it owes, and how much profit or loss it has made. The financial statements can be divided into three main sections: The income statement, the balance sheet, and the statement of cash flows. #accounting #incomestatement #financialstatement #balancesheet ==========Social media links========= Facebook:   / jahan0001   Instagram: https://www.instagram.com/tv/Cb5Qy8gp... Whatsapp : https://chat.whatsapp.com/HEHigT8ry9y... =========== Watch More Videos ===========    • Rectification of errors in accounting| Rec...      • Rectify accounting errors with simple method      • Financial Accounting | Chart of Accounts |      • MCQs on depreciation      • Journal ledger and trial balance | Objecti...      • Financial Accounting MCQ | MCQs on ledger ...      • Objective questions with answers: MCQs on ...      • Accounting principles and concepts: Solved...      • Financial Accounting MCQ | MCQs on Final A...      • Financial Accounting MCQ | MCQs on Financi...      • Financial Accounting MCQ | MCQs on Final A...      • Journal Entries Accounting      • Financial statements      • Journal entries the basics you need to know      • Simple method to make journal entries      • Journal Entries Accounting      • Financial statements      • Journal entries the basics you need to know      • Depreciation - Diminishing balance method ...