Answered

Welcome to Westonci.ca, where your questions are met with accurate answers from a community of experts and enthusiasts. Join our platform to connect with experts ready to provide detailed answers to your questions in various areas. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

The correct order for the preparation of financial statements is? 1. statement of cash flows 2. income statement 3. balance sheet 4. statement of retained earnings

Sagot :

tutorconsortium344

The order which is correct is 2, 4, 3, 1. Income statement, Statement of retained earniings, Balance sheet, Statement of cash flow.

What is financial statement?

The presentation of relevant financial data is done in a methodical manner and in an easy-to-understand format.

The three main company reports are combined into one document called a financial statement. It will include the company's income statement, balance sheet, and cash flow statement.

Financial statements are routinely audited by government agencies, accounting firms, etc. to ensure their accuracy and for tax, financing, or investment reasons.

An income statement is a type of financial statement that shows the revenue and expenses of a firm.

To learn more about financial statement click the given link

https://brainly.com/question/14696089

#SPJ4

Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.