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 is not one of the four items required to be shown in the heading of a financial statement?
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the financial statement prepares name
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the title of the financial statement
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the unit of measure in the financial statement
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the name of the business entity
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Explanation:
Detailed explanation-1: -The elements of the financial statements will be assets, liabilities, net assets/equity, revenues and expenses.
Detailed explanation-2: -Answer and Explanation: The correct option is (c) Retained earnings statement.
Detailed explanation-3: -Trial balance is not part of financial statements.
There is 1 question to complete.