Do you agree or disagree: Financial statement includes only balance sheet.
Q.1 (D) (5) Do you agree or disagree: Financial statement includes only balance sheet.
Q.1 (D) (5) Do you agree or disagree: Financial statement includes only balance sheet.
Best answer
Answer: Disagree
Financial statements include the Trading Account, the Profit and Loss Account (income statement) and the Balance Sheet (position statement), not only the balance sheet.
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