At the end of every month, the accounting department submits a balance sheet, statement of profit and loss, and cash flow statement to the senior management team. These are all ________.
A) personal observations
B) statistical reports
C) oral reports
D) written reports

Question

Quizplus · Accepted Answer

The best choice is D (written reports) because the accounting department submits balance sheets, statements of profit and loss, and cash flow statements in written form. A) Personal observations are subjective and not based on data or financial statements. B) Statistical reports may be included in the financial reports, but they are not the only type of report submitted. C) Oral reports are not mentioned as a method of submitting the financial reports.

At the End of Every Month, the Accounting Department Submits