Financial Statements - Introduction

Financial statements are used to show the financial position of an individual or a business. There are differences in financial statements drawn up for an individual versus those drawn up for a business, but they essentially follow the same format and provide the same type of information, summarizing income, expenses, assets and liabilities.
Personal Financial Statements


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RELATED TERMS
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    A document or spreadsheet outlining an individual's financial ...
  2. Financial Statements

    Records that outline the financial activities of a business, ...
  3. Profit and Loss Statement (P&L)

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  5. Footnotes To The Financial Statements

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  6. Fully Drawn Advance

    A type of long-term business loan used in Australia.
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