You are given the Trial Balance of a business that does not use an accounting software package,
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Question:
You are given the Trial Balance of a business that does not use an accounting software package, and are asked to prepare a set of Financial Statements. In what order would you prepare these statements?
Balance Sheet; Income Statement; Statement of Owner's Equity; Cash Flow Statement
It doesn't matter what order is used
Income Statement; Balance Sheet; Statement of Owner's Equity; Cash Flow Statement
Income Statement; Statement of Owner's Equity; Balance Sheet; Cash Flow Statement
Related Book For
Auditing A Practical Approach
ISBN: 9780730382645
4th Edition
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton
Posted Date: