Which of the following is not a general-purpose financial statement?
A) balance sheet
B) income statement
C) retained earnings statement
D) cash budget

Question

Quizplus · Accepted Answer

A cash budget is not a general-purpose financial statement as it is a detailed plan outlining the expected inflows and outflows of cash over a specific period of time, usually one year. It is a management tool that helps businesses plan and make informed decisions regarding cash management. On the other hand, balance sheet, income statement, and retained earnings statement are all examples of general-purpose financial statements that provide information about a company's financial position, performance, and earnings over a specified period of time.

Which of the Following Is Not a General-Purpose Financial Statement