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Balance Sheet
A balance sheet that illustrates a corporation's resources, outstanding debts, and the net worth held by shareholders at a pinpointed moment.
Statement of Retained Earnings
A financial statement that shows changes in a company's retained earnings over a specific period.
Income Statement
A financial statement that shows a company's revenue and expenses over a specific period, resulting in net profit or loss.
Financial Errors
Mistakes in the accounting records that can distort the financial statements and mislead users.
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