Which of the following financial statements reports cash receipts and cash payments during a period of time?
A) Statement of cash flows
B) Balance sheet
C) Cash receipts budget
D) Statement of retained earnings

Question

Quizplus · Accepted Answer

The statement of cash flows reports cash inflows and outflows during a specific period, while the balance sheet and statement of retained earnings report the financial position and changes in equity at a specific point in time. The cash receipts budget is a forward-looking projection of expected cash inflows.

Which of the Following Financial Statements Reports Cash Receipts and Cash