MEANING OF FINANCIAL STATEMENT

Financial statement of a company provides information about the profitability and financial position of a business .                                      

As per sec. 2(40) of the Companies Act 2013- Financial Statement of a company includes the following; 

 

   1- Balance Sheet 

  2- Statement of Profit & loss

  3- Notes to Account 

  4- Cash Flow Statement 

Click here for notes of Not for profit organisations class XII

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Financial statement analysis - class XII full notes.