Definition for the following financial documents are:
1. Income Statement: A financial document showing the income, expense, and profit or loss of an
organization for a given period of time.
2. Balance Sheet: A financial document showing the assets, liabilities, and owner’s equity of an
organization on a given date.
3. Cash flow statement: A financial document showing incoming and outgoing cash for a period.
4. Budget: A plan including projected income and expenses for a business for a given time period.