QUESTION IMAGE
Question
question 2 (1 point)
which of the following is not a true financial statement
the statement of cash flows
the income statement
the trial balance
the balance sheet
True financial statements include the Statement of Cash Flows (shows cash movements), Income Statement (shows profitability), and Balance Sheet (shows financial position). A Trial Balance is a list of accounts and their balances to check arithmetic accuracy in the accounting process, not a formal financial statement for external reporting.
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The Trial Balance