Question

In: Accounting

Financial statements are prepared in the following order:


Financial statements are prepared in the following order:

 Income statement, statement of owner's equity, balance sheet

 Income statement, balance sheet, statement of owner's equity

 Balance sheet, statement of owner's equity, income statement

 Statement of owner's equity, balance sheet, income statement

Solutions

Expert Solution

Financial Statements are prepared in the following order:

a) Income statment

b) Statement of owner's equity

c) Balance Sheet

So, answer is Income statment, statement of owner's equity, balance Sheet


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