Which of the following is NOT a financial statement?
A) Balance sheet
B) Income statement
C) Statement of owner's equity
D) Trial balance

Question

Quizplus · Accepted Answer

The trial balance is not a financial statement, but a tool used to ensure that the sum of all debit balances equals the sum of all credit balances. The other options (balance sheet, income statement, and statement of owner's equity) are all types of financial statements that provide information about a company's financial position and performance.

Which of the Following Is NOT a Financial Statement