what is financial statements? why it is important??
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[tex]{\green{\mapsto}}[/tex] [tex]{\pmb{\mathbb{\text{\red{Financial statements}}}}}[/tex] provide a snapshot of a corporation's financial health, giving insight into its performance, operations, and cash flow. [tex]{\pmb{\mathbb{\text{\red{Financial statements}}}}}[/tex] are essential since they provide information about a company's revenue, expenses, profitability, and debt.
[tex]\bf{\pmb{\mathbb{\fbox{\red{Hope it's help you}}}}}[/tex]
Answer:
Financial statements are written records that convey the business activities and the financial performance of a company.
It is important because these insure at anytimes the company have a record of everything
Explanation:
these financial statements include information about the company money flow,income etc..
these documents are always pretty important for companys
hope it helps
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