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4 Cards in this Set
- Front
- Back
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Equity |
Balance sheet |
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What was my net income for specific. Time period. Summary of income less expenses of a specific time period range. Conclude with net income. Income- expenses = net income. Statement is closed every year. Net income is transfers to the b/s in the equity section. |
Income statement |
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Where the heck did my cash come from and go. Divides cash flows into 3 categories Operating day to day things. Investing (buying a vehicle) Financing (taking out a loan) |
Statement of cash flow |
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Is my biz healthy in financial Terms |
All 3 statements answer in unison |
