This statement will show about the beginning balance, investments, drawings, deductions and ending balance of Red Onion Farm Production. This reflects to all the changes in equity arising from all the transactions of the business with can be resulted to the increase or decrease of the assent of the business.
Statement of Cash Flow
This statement will show about the investing activities, operating activities and financing activities of the business. It reports the list of cash inflows and cash outflows in the business during an accounting period. This statement is to show how and where a company is earning and spending its cash.
Statement of Financial Position
This statement is also known as balance sheet. This will show about the Red Onion Farm Productions assets, liability and owners equity. It lists the resources, obligations, and ownership details of Red Onion Farm Productions on a specific day. This statement also will show about the farms status in its financial aspect.