balance sheet- it shows detailed information of asset, liabilities and equity
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In layman& #39;s term, assets are what company owns, liabilities are what company owes while equity or net asset value is the amount left if the company decided to sell its assets and pay its obligations
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Income statement - it shows the operating results of the entity. it is how much the company earned or lost over a specific period of time
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Cash flows - it shows the inflows and outflows of the company during a specific period of time. This is important since cash is the most liquid asset
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In cash flows, we can see operating, financing and investing activities. Hanggang ngayon di ko pa rin siya gets HAHAHAAHAHAHAH
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THE BEATS REBORN
#BTOB_BURN_THE_STAGE
#BTOB #비투비
@OFFICIALBTOB