A financial statement is a summary of all the transactions that have occurred over a particular time period.

Name: A financial statement is a summary of all the transactions that have occurred over a particular time period.
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Quizplus · Accepted Answer

A financial statement provides a summary of financial transactions that have occurred over a specific period of time. It includes information on revenues, expenses, profits, and losses, and is used to assess the financial health of a company or organization.

A Financial Statement Is a Summary of All the Transactions