GK
MARKETING MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of the following refers to organized summaries of business’s financial activities?
|
|
Financial Statements
|
|
|
Accounting Records
|
|
|
Banking Worksheets
|
|
|
Balance Sheet
|
Explanation:
Detailed explanation-1: -An accounting system is a planned process for providing financial information that will be useful to management. Organized summaries of a business financial activity are called accounting records.
Detailed explanation-2: -An income statement, also known as a profit and loss (P&L) statement, summarizes the cumulative impact of revenue, gain, expense, and loss transactions for a given period.
Detailed explanation-3: -These refer to: the. balance sheet (position statement) as at the end of. accounting period, the statement of profit and loss. of a company and the cash flow statement. Financial Statements of a Company.
There is 1 question to complete.