This article focus to Define and Discuss on Financial Statements. Financial statements have decided immediately after the adjusting trial balance. Knowing tips on how to record transactions, make adjusting entries, and create trial balances gives you a greater under‐standing of the information financial statements include. Here also discuss on Financial Statements process, they are: Statement of owner’s equity, Income statement, Balance sheet and Statement of cash flows. All discussions are explain with proper example and calculation.
