03/07/2025
The three fundamental financial statements are the balance sheet, income statement, and cash flow statement.
📌 The balance sheet provides a snapshot of a company's assets, liabilities, and equity at a specific point in time.
📌 The income statement tracks a company's profitability over a period, showing revenue, expenses, and net income.
📌 The cash flow statement analyzes the movement of cash in and out of the business, categorized by operating, investing, and financing activities.