What are financial statements?
What are financial statements?
Financial statements are formal reports produced at the end of a business's trading year. They bring together daily records of sales, purchases, wages and bills to show what the business earned, spent, owned and owed.
Step-by-step lessons on AQA GCSE Business 6.4.1 Purpose of financial statements. Each one builds up to exam-style questions. Start by mastering business terminology and the functional areas (marketing, finance, operations, HR) before moving on to the extended, evaluation-heavy questions that carry the most marks.