All of the following are general-purpose financial statements except a (n)
A) balance sheet
B) income statement
C) statement of owner's equity
D) cash budget

Question

Quizplus · Accepted Answer

A cash budget is not considered a general-purpose financial statement. It is a short-term financial plan that outlines projected inflows and outflows of cash for a specific period of time to determine whether a business will have enough cash to meet its obligations. The other options (balance sheet, income statement, and statement of owner's equity) are all considered general-purpose financial statements as they provide information about a company's financial position, performance, and changes in equity.

All of the Following Are General-Purpose Financial Statements Except a (N)