What are the three main elements of Financial Accounts?

  1. Income Statement (Profit or Loss Account)2) Balance Sheet (Statement of Financial Position3) Statement of Cash flows
AP
Answered by Anish P. Accounting tutor

2129 Views

See similar Accounting A Level tutors

Related Accounting A Level answers

All answers ▸

What is ratio analysis and why is it being used?


“Provision for depreciation is made to provide funds for replacement of a fixed assest” discuss this statement (6 marks)


What is a liquidity ratio?


What is the difference between reducing balance method depreciation and straight line depreciation?


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2025 by IXL Learning