Question: Describe each of the three main financial statementsthe end products of the work that takes place in an accounting system over a period of timestudied

Describe each of the three main financial statementsthe end products of the work that takes place in an accounting system over a period of timestudied in the course. What does each statement present? Why is it important to prepare these? Who uses the information in the statements? Describe the interrelationship among the three statements.

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