Financial statements are part of
A. Accounting
B. Book-keeping
C. Management Accounting
D. Taxation
Answer:A
Financial statements are part of
A. Accounting B. Book-keeping C. Management Accounting D. Taxation
Explanation: Financial statements include the Balance Sheet, Profit and Loss account (Income and Expenditure account – In case of Not for Profit organization), Cash flow statement, and Notes to accounts. All the mentioned statements belong to Accounting only.