BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

FINANCIAL ACCOUNTING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following are the types of financial statements1.Statement of Cash Flow2.Statement of Profit or loss3.Statement of Financial Position4. Trial balance
A
1, 2, 3 and 4
B
1, 2 and 3
C
2 and 4
D
2, 3 and 4
Explanation: 

Detailed explanation-1: -For-profit businesses use four primary types of financial statement: the balance sheet, the income statement, the statement of cash flow, and the statement of retained earnings.

Detailed explanation-2: -The income statement, balance sheet, and statement of cash flows are required financial statements. These three statements are informative tools that traders can use to analyze a company’s financial strength and provide a quick picture of a company’s financial health and underlying value.

There is 1 question to complete.