Accountıng I Deneme Sınavı Sorusu #1150026
Which of the following is NOT an example of financial statement?
Dual effect |
Income statement |
Owner’s equity statement |
Balance sheet |
Statement of cash flows |
Yanıt Açıklaması:
Dual effect means that at least two items must be affected by a transaction and accounting equation has to remain in balance after making the changes in accounting equation. There are four main financial statements prepared by using summarized accounting data: Income statement, owner’s equity statement, balance sheet and statement of cash flows.
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