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Balance
Sheet: Created
as a way for accountants
______
to check
their math. Each side of the sheet
______
must
equal the other side or there is a math
___
___error.
Income
Statement:
Illustrates the financial status
______
of an
organization at a given point in time.
______This
report can be deceptive if Accounts
______Receivable
(Money Owed to you) is counted as
______Income.
Cash
Flow
Statement: Reports
the difference
______between
cash flowing in and cash flowing
______
out.
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