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Which of the following is not a financial statement

This question belongs to Commerce Accounting
Accounting
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Which of the following is not a financial statement?

Answer & Solution
Correct Answer: Option D
Trial Balance is not a financial statement. Trial Balance is a list of closing balances of ledger accounts on a certain date and is the first step towards the preparation of financial statements. It is usually prepared at the end of an accounting period to assist in the drafting of financial statements.
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