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Monthly Budget Net revenue:personnel Expenses Wages:Benet's:commission:$TOTAL PERSONNEL:operating ExpensesInventory:sales expenses:shipping and storage:rent or mortgage:marketing and advertising:utilities:maintenance
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Financial statements are formal records of the financial activities and position of a business, person, or entity. They provide an overview of the financial condition and performance of a company.
Companies, organizations, and individuals that are required by law or regulations to prepare and submit financial statements are required to file financial statement definitions.
Financial statements are typically prepared by accountants or financial professionals who gather and analyze financial information, then present it in the required format.
The purpose of financial statements is to provide useful information about the financial performance and position of a company to stakeholders such as investors, creditors, and management.
Financial statements typically include a balance sheet, income statement, cash flow statement, and notes to the financial statements.
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