Q3. What are the Five Financial Reports?
Ans: These five financial reports are vital for the disclosure of your financial status- 1. A detailed income statement comprising records from all your earning sources. For example, your monthly salary, investment returns, stipends, rebates and cashback  2. Your cash flow statement  3. A detailed balance sheet with all parameters like DTI, RRI, and others mentioned  4. The note to financial statements  5. Statements suggesting a change in your equity.