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Description
Financial statement provides basic data of the financial activities of a business, person or other entity and provides an overview of a business or person’s financial condition in both short & long terms. They give an exact envision of a company’s condition & operating results in a condensed form. Primarily co. executives & investors in assessing the overall position & operating results of a company use financial statements as a management tool. Analysis & interpretation of financial statements help in determining the liquidity position, long-term solvency, financial viability and profitability of a firm.
