Ledger Lab

Interactive learning hub for cycle, concepts, journalizing, statements, and quizzes.

Financial Statements Overview

The four primary financial statements summarize a company’s performance and position. Explore the visuals below and adjust inputs to see impacts.

Income Statement

Shows revenues and expenses over a period to arrive at profit or loss.

Revenue vs Expenses
Net Income: 400

Statement of Retained Earnings / Changes in Equity

Reconciles opening to closing equity (profit, dividends, OCI).

Opening RE+ Profit- Dividends= Closing RE

Balance Sheet

Shows assets, liabilities, and equity at a point in time.

AssetsLiabEquity

Cash Flow Statement

Classifies cash movements into operating, investing, and financing activities.

OperatingInvestingFinancing