Entrepreneur Post

Financial Statement – Explained + Examples

A financial statement is a formal document that shows the financial performance and position of a business. Financial statements are

Default refers to a situation where an individual, business, or government fails to make payments on their debt obligations. When

Debt is the term used when someone owes money to another person or entity. This can be individuals, businesses, or

Capital is the stuff that people use to create wealth, like money, equipment, and other assets. There are different types

A balance sheet is a financial statement that shows what a company owns, what it owes, and how much money

An asset is anything of value that can be converted into cash. Individuals, companies, and governments own assets. For companies, an