1 considered an ancillary chargea financial statement that, Ask an Expert

Finance

1. Considered an ancillary chargeA financial statement that gives a picture of the financial condition of a business on a specific date is called a:

a. Balance sheet

b. Trial balance

c. General journal

d. Statement of operations

2. The operating budget is composed of:

a. Statements that represent what the financial condition will be if the plan is followed

b. Cash resources that trace inflow and outflow of cash

c. Revenue and expense categories

d. Long-term investment decisions

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92424751

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