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Muhammad Hamza Account specialist

Karachi Pakistan
A financial statement is a formal record of the financial activities and position of a business, organization, or individual. It includes: 1. **Balance Sheet**: Shows assets, liabilities, and equity at a specific point in time, providing a snapshot of financial position. 2. **Income Statement**: Details revenues, expenses, and profits over a period, highlighting operational performance. 3. **Cash Flow Statement**: Tracks cash inflows and outflows from operating, investing, and financing activities, indicating liquidity. 4. **Statement of Changes in Equity**: Reflects changes in ownership equity over a period, including retained earnings and other adjustments. These statements provide crucial insights for decision-making, financial analysis, and compliance with…
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Member since August 2024

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