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Question

Which is a part of financial statements?

A
Balance sheet
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B
Book keeping
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C
Debit & Credit
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D
All of the above
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Solution

The correct option is D Book keeping
There are four main financial statements. They are: (1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholders' equity. Balance sheets show what a company owns and what it owes at a fixed point in time.

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