A. Profit and Loss Account
B. Balance Sheet
C. Funds Flow Statement
D. Trial Balance
Trial Balance D. is not a financial statement. It is a list of all accounts showing
outstanding balances at the end of the accounting period. It helps in the preparation of financial statements. The Profit and Loss Account A.; Balance Sheet B. and Funds Flow statement C. are the financial statements prepared by a business entity. Funds flow statement though categorized as one of the financial statements, its preparation is not mandatory. Thus D. is the correct answer
Correct Answer: Trial Balance ✔
Last Updated: September 12, 2018