Solve this question properly!! Which one of the following is not a component of financial statements? A) Balance SheetB) Cash BookC) Income StatementD) Notes to Accounts
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Solve this question properly!!
Which one of the following is not a component of financial statements?
A) Balance Sheet
B) Cash Book
C) Income Statement
D) Notes to Accounts
Step by step
Solved in 2 steps
- Explain how the accounting equation organizes financial information using T-accounts and debits and credits.Which one of the following is not a component of financial statements? A) Balance SheetB) Cash BookC) Income StatementD) Notes to AccountsWhich statement is prepared to check the arithmetical accuracy of ledger accounts? A) Profit & Loss A/cB) Balance SheetC) Trial BalanceD) Cash Flow Statement need help!!
- Do not use ai Which statement is prepared to check the arithmetical accuracy of ledger accounts? A) Profit & Loss A/cB) Balance SheetC) Trial BalanceD) Cash Flow StatementWhat is a trial balance used for? A) To track profitsB) To ensure debits equal creditsC) To forecast expensesD) To reconcile bank accountsno aiCorrect answer with explanation
- Which of the following is NOT included in the financial assets?A. Cash.B. Investments in securities.C. Inventories.D. Accounts receivable.What are General Purpose Financial Statements and what are they used for? What are Financial Statement Notes?Which statement is prepared to check the arithmetical accuracy of ledger accounts? A) Profit & Loss A/cB) Balance SheetC) Trial BalanceD) Cash Flow Statementneed help!!
- Which statement is prepared to check the arithmetical accuracy of ledger accounts? A) Profit & Loss A/cB) Balance SheetC) Trial BalanceD) Cash Flow Statement do not use ai !!Which statement is prepared to check the accuracy of ledger postings? A) Cash Flow StatementB) Profit & Loss AccountC) Trial BalanceD) Balance Sheetno aiWhich of the following is not one of the four basic financial statements?a. The balance sheetb. The audit reportc. The income statementd. The statement of cash flows
