Multiple Choice
Financial statements are prepared after an entity's transactions are analysed and recorded.Which of the following reports is NOT one of the required financial statements?
A) Income statement
B) Statement of drawings
C) Balance sheet
D) Cash flow statement
Correct Answer:

Verified
Correct Answer:
Verified
Q16: Similar to partnerships,in a limited-liability company,the members
Q17: Codes of ethics govern professional as well
Q19: A proprietorship is created by:<br>A)two or more
Q22: The return on assets is calculated by:<br>A)multiplying
Q23: A business receives a bill for services
Q25: Phillip and Reed have developed a new
Q26: Accounting is the information system that measures
Q27: The relative proportion of economic resources and
Q47: Different users of financial statements (investors,creditors,tax authorities,etc.)all
Q92: The balance sheet shows whether or not