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They are: (1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholders' equity. Balance sheets show what a company owns and what it owes at a fixed point in time. Income statements show how much money a company made and spent over a period of time.
The three main types of 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.
It will help you to get a clear idea of the cost to run your home. Filling in the Financial Statement template. ... Enter your personal details. ... Enter your income. ... Enter your expenditure totals. ... Calculate how much you have left for all debts. ... Enter your debt details. ... Calculate how much you have left for secondary debts.
How to make a consolidated balance sheet Check all of your reference information. ... Adjust for any cross-sales between related companies. ... Create a worksheet. ... Eliminate any duplicate assets and liabilities. ... List the consolidated trial balance on your worksheet. ... Create the actual consolidated balance sheet.
Lay out your income statement. Put the net sales on one line. Underneath that, put the cost of sales. ... Put the operating costs in general categories underneath the gross profit. ... Next, have a line each for the interest and the taxes. ... The final line should be the net income.