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Question 5.4 In operating accounting systems, there are various reports that provide valuable information for financial management. Complete the table below to explain the common

Question 5.4

In operating accounting systems, there are various reports that provide valuable information for financial management. Complete the table below to explain the common reports and their functions that are relevant to operating accounting systems.

Report

Response

Balance Sheet

Income Statement (Profit and Loss Statement)

Cash Flow Statement

(Approximate word count: 100 - 150 words).

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