A cash flow statement is a financial report that provides a summary of the cash inflows and outflows of a…

An income statement, also known as a profit and loss statement (P&L), is a financial report that summarizes a company’s…

In a financial system, a journal is a detailed record of all financial transactions of a business. It serves as…

A balance sheet is a financial statement that provides a snapshot of a company’s financial position at a specific point…