can anyone explain me the meaning if accounting statements???

Question

what r these ????

Answer 1

They are statements of accounts showing details of income and expenditure or profit and loss or assets and liabilities or debit and credit, and so on!

Answer 2

frankly speaking, the question should have followed rules of reverse ordering. I am visualizing this question in a right to left direction.Three and then four question marks are needless even granted that grammer may be flexibalized. There is this anomaly that prompted me to answer your question. After the removal of un-necessary question marks you need to reverse the phrasiology, i.e., the content that makes a question. Instead of `accounting statements', a reversal will show statment accounting. To put it blandly : Statement of Accounts, something that is relevent from banking to household budgeting. Statement of accounts are precise logs on investment/returns; income/expenditure, income/inventories or something as easy as debit/credit transactions over the specified period of time. This is the fulcrum of any balance sheet.

Answer 3

income statement is ur revenues minus expenses to see your retained earnings and net income which then goes to the retained earnings statement which then goes to the balance sheet. the balance sheet is basically assets and liabiliesties to see everything balancing out and correct. It helps you check your work. those are the three main mains u need to know. master them, master accounting.