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steposvetlana [31]
3 years ago
8

Which two statements give good definitions of financial credit

Computers and Technology
1 answer:
iren2701 [21]3 years ago
3 0
The two <span>statements that give good definitions of financial credit are :            1) Balance Sheet & 2) Income Statement.  
</span>
1) Balance sheet shows the assets, liabilities, and net worth on a
    given date;
2) Income statement (profit & loss account), shows how the net income of
    the firm is arrived at over a stated period. 
Another statement is Cash flow statement, which shows the inflows and outflows of cash caused by the firm's activities during a given period of time.
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