Companies typically prepare blank 4 financial statements each accounting period.
Financial statements:
Financial statements are writing documents that describe a company's commercial activity and financial performance. Government authorities, accountants, and corporations, among others, frequently audit financial statements to verify accuracy and for tax, financing, or investing purposes.
Accounting Period
A calendar year or fiscal year is an accounting period, which is a set period of time during which accounting activities are performed, collected, and analysed. The accounting period is important in investment because potential shareholders evaluate a company's performance using financial statements based on a predetermined accounting period.
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