In financial statements, what is the most important report (income statement or balance sheet)?

Each of them is important, because the income statement is a single component of the company's financial center The company may depend on the income statement because it describes the actual profits, but the financial position of the company's financial site shows All Assets & versus Corresponding property rights and Laibilites

Both have similar importance because Current year profit is included in the Capital .

both are important balance sheet shows financial position and income statement shows total income earned ..most important is balancesheet

Cash Flow

The balance sheet is no more or no less important than the income statement.
The balance sheet provides a snapshot of the business as it stands at a given point in time and the income statement shows how the business got there.
Together with the statement of cash flow (which can be constructed using multiple years of income statements and balance sheets), these three financial documents help clearly define the financial health of the business.

Statement of Financial Position the most important presents the financial position of an entity at a given date.
It is comprised of three main components: Assets, liabilities and equity.
Statement of Financial Position helps users of financial statements to assess the financial soundness of an entity in terms of liquidity risk, financial risk, credit risk and business risk.

income statment ana balanced sheet because it is unit relation between them

Balance Sheet