![]() Profit and loss, or income statement: Shows financial performance in a particular period of time.Balance sheet: Shows what a business’s financial position is at a moment in time. ![]() The three most important, and most common, financial statements for any business are: You’ll have the numbers to back your decisions. Mastering financial statements is the first step to reaching your goals - whether you want to enter new markets, develop a new product, or sell up and move on.
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