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17 February, 10:24

Which of the following is not a financial statement? a. balance sheet b. income statement c. statement of owner's equity d. trial balance

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  1. 17 February, 10:34
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    D) Trial balance is not a financial statement

    A) Balance sheet is a financial statement, It is were the assests and the liabilities are recorded.

    B) Income statement is also part of the financial statement. It is were the income and expenses are recorded for an entire year

    C) Owner's equity is nothing but the value of the owners oney in the businesses. This section comes under balance sheet

    D) Trial balance. Trial balance is part of the nominal ledger (not the purchase or sales ledger) or either financial statement

    Therefore the odd one out is D
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