The basic financial statements include all of the following except:
A)Balance Sheet.
B)Income Statement.
C)Statement of Owner's Equity.
D)Statement of Cash Flows.
E)Trial Balance.

Question

Quizplus · Accepted Answer

The trial balance is not a financial statement but rather a tool used in the accounting process to ensure that the debits and credits are equal. The basic financial statements include the balance sheet, income statement, statement of owner's equity, and statement of cash flows.

The Basic Financial Statements Include All of the Following Except