Cash and cash equivalents- cash comprises cash in hand and demand deposits with banks, cash equivalents means short-term investments
This category is meant for all resources on financial statements- including the balance sheet, profit and loss account or income statement, cash flow statement, statement of comprehensive income, statement of changes in equity etc. Financial statements are a collection of summary-level reports about an organization's financial results, financial position, and cash flows. Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes. The balance sheet provides an overview of assets, liabilities, and stockholders' equity as a snapshot in time. The income statement primarily focuses on a company’s revenues and expenses during a particular period. Once expenses are subtracted from revenues, the statement produces a company's profit figure called net income. The cash flow statement (CFS) measures how well a company generates cash to pay its debt obligations, fund its operating expenses, and fund investments.