A financial statement that summarises the organisation's financial performance for a given time intervals is known as a balance sheet.

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A balance sheet is a financial statement that provides a snapshot of an organisation's financial position at a specific point in time, rather than a summary of its financial performance over a period of time. A statement of financial performance, also known as an income statement or profit and loss statement, is the financial statement that summarises an organisation's financial performance for a given time interval.

A Financial Statement That Summarises the Organisation's Financial Performance for a Given