BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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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
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1, 2, 3 and 4
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1, 2 and 3
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2 and 4
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2, 3 and 4
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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.
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