Financial Accounting- FOUR FINANCIAL STATEMENTS

Income Statement
Revenue-Expenses= Net Income. (For the period ended)
Retained Earning Statement
Beginning retained earning + Net Income – dividends = Ending retained income (For the period ended)
Balance Sheet
Assets= Liabilities+Owner’s Equity (as end of period)
Cash Flow Statement
Beginning cash +/- Operating +/- Investing +/- Financing = Ending cash. (For the period ended)
What is acronym?
IRBC ( I run by class)
What is IRBC
Income statement, Retained Earnings statement, Balance statement, and Cash Flow statement
Categories: Financial Accounting