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Financial Statement: Difference between revisions

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# [[The Statement of Profit or Loss|The statement of profit or loss]]
# [[The Statement of Profit or Loss|The statement of profit or loss]]
# [[The Statement of Financial Position|The statement of financial position]]
# [[The Statement of Financial Position|The statement of financial position]]
These are prepared mainly from the balances of the [[Ledger Account|ledger accounts]] and will form the basis of the [[Trial Balance|trial balance]].

Latest revision as of 03:14, 5 August 2025

The two financial statements are:

  1. The statement of profit or loss
  2. The statement of financial position


These are prepared mainly from the balances of the ledger accounts and will form the basis of the trial balance.