What is the definition of financial statment, and deffirence between income statmente and financail statmente?

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1. Financial statements are prepared to the use of the stakeholders of the business to know and evaluate a business's performance and financial position for a particular financial year. It comprises statement of comprehensive income, statement of financial position, statement of cash flow, statement of changes in equity and the Notes. 

Statement of income gives the overall outcome in terms of financial performance of a company. It includes overall income and expenses.  It is one of the components of financial statements.

statement of a business used to assess its performance . income statement is used to assess operational performance while balance is a position statement showing the assets and liabilities of the business at a particular point in time