Assessment Criteria 4.1
Discuss the main financial statements
Below are questions pertaining to lesson 11. Please ensure to answer each question correctly.
1. State the three most common financial statements prepared by businesses.
2. What is the name of the financial statement that shows how much profit or loss a company makes in a year?
3. A _________is a statement of a firm’s assets, liabilities and net worth.
4. What is the primary objective of a cashflow statement?