INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is NOT found on a Financial Statement?
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Balance sheet
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Audits
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Income statement
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Statement of changes in owner’s equity
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Explanation:
Detailed explanation-1: -Trial balance is not part of financial statements.
Detailed explanation-2: -The balance sheet, income statement, statement of retained earnings, and cash flow statement are the four major parts of the financial statement audit process. These statements are scrutinized to ensure no material errors are made and are in compliance with filing regulations.
Detailed explanation-3: -Answer: [A] Statutory and private audit.
There is 1 question to complete.