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what money comes and goes out of your business (inflow & outflow). They show, mostly in table’s laid out for the financial year, things like revenue, the costs and the profit and/or loss of the business. They also can show the debts, capital and the assets you have for/in your business.
Most businesses use accounts; the main types of accounts used are:
Balance Sheets, they give information about the company’s funds and how they are used in the business. It lists the assets, capital and the liabilities and the wealth of the business; basically, its shows the financial position of the company...
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