BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The three main types financial statements are the balance sheet, the income statement, and the cash flow statement. These three statements together show the assets and liabilities of a business, its revenues and costs, as well as its cash flows from operating, investing, and financing activities.

Detailed explanation-2: -Solution: Balance Sheet is a statement showing the financial status of the comapany at any given time.

Detailed explanation-3: -The balance sheet is a statement that shows a company’s financial position at a specific point in time. It provides a snapshot of its assets, liabilities, and owners’ equity.

Detailed explanation-4: -A statement of financial position, also commonly known as a balance sheet, is a financial report that outlines a company’s assets, liabilities, and shareholders’ equity for a particular period of time.

Detailed explanation-5: -A balance sheet is a financial statement that contains details of a company’s assets or liabilities at a specific point in time. It is one of the three core financial statements (income statement and cash flow statement being the other two) used for evaluating the performance of a business.