Which of the following statement is False ?
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Shift 07/06/2023 3:30 PM - 6:30 PM
A
Statement of profit and loss shows the operating performance of an enterprise for a period of time.
B
Financial statement of an enterprise includes statement of profit and loss, statement of balances of liabilities and assets, and Cash Flow Statement.
C
Financial statement helps an analyst to drive decision.
D
Financial statement do not include Cash Flow Statement.
Correct Answer
Financial statement do not include Cash Flow Statement.
Detailed Explanation
Financial statements typically include a cash flow statement, along with the income statement (profit and loss statement) and the balance sheet. These three statements provide a comprehensive view of a company's financial performance and position.
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