Answered: Which of the following is not a type of…

Which of the following is not a type of financial statement?A. Income StatementB. Balance SheetC. Trial BalanceD. Statement of Cash Flows

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter2: Introduction To Financial Statements

Section: Chapter Questions

Problem 12Q: Explain the purpose of the statement of cash flows and why this statement is needed.

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Question

Which of the following is not a type of financial statement?
A. Income Statement
B. Balance Sheet
C. Trial Balance
D. Statement of Cash Flows

Definition Definition Statement that shows the ending balance of all the ledger accounts of a firm at the end of the accounting period. The trial balance is prepared after all the entries have been posted to the ledger accounts and assists in preparing the final accounts of a firm.

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