1) Profit and Loss Report a) Shows the in and out flows of cash and cash equivalents of the company over a period of time. b) Provides the client with a snapshot of what the client owns and owes at a particular point in time. c) Used to summarize the company's revenues, costs, and expenses, over a period of time.  2) Balance Sheet Report a) Shows the in and out flows of cash and cash equivalents of the company over a period of time. b) Provides the client with a snapshot of what the client owns and owes at a particular point in time. c) Used to summarize the company's revenues, costs, and expenses, over a period of time. 3) Cash Flow Report a) Shows the in and out flows of cash and cash equivalents of the company over a period of time. b) Provides the client with a snapshot of what the client owns and owes at a particular point in time. c) Used to summarize the company's revenues, costs, and expenses, over a period of time. 4) Sales by Product/Service Report a) Provides the client with a snapshot of what the client owns and owes at a particular point in time. b) Provides the client with a detailed summary of the business's sales activities. c) Provides a summary of the money owed to the business by their customers. 5) Accounts Receivable Aging Report a) Provides the client with a snapshot of what the client owns and owes at a particular point in time. b) Provides the client with a detailed summary of the business's sales activities. c) Provides a summary of the money owed to the business by their customers. 6) Assests a) Obligations that the company has to pay back to lenders or vendors. b) Resources that a company owns and can use to generate revenue. 7) Liability a) Obligations that the company has to pay back to lenders or vendors. b) Resources that a company owns and can use to generate revenue. 8) Equity a) Obligations that the company has to pay back to lenders or vendors. b) Resources that a company owns and can use to generate revenue. c) Value of the company owned by the client, additional owners, or investors. 

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