Question:
Which of the following is not a part of financial statement of a company?
Which of the following is not a part of financial statement of a company?
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Ledger accounts provide details of individual transactions but are not part of the company's formal financial statements.
Updated On: Sep 1, 2025
- Profit and loss statement
- Balance sheet
- Ledger Account
- None of these
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The Correct Option is C
Solution and Explanation
Step 1: Financial statements of a company.
The financial statements of a company typically include the Profit and Loss Statement, the Balance Sheet, and the Cash Flow Statement.
Step 2: Role of Ledger Accounts.
Ledger accounts are used to maintain the detailed records of all financial transactions, but they are not part of the formal financial statements.
Step 3: Conclusion.
Thus, the correct answer is (C) Ledger Account. Final Answer: \[ \boxed{\text{Ledger Account}} \]
The financial statements of a company typically include the Profit and Loss Statement, the Balance Sheet, and the Cash Flow Statement.
Step 2: Role of Ledger Accounts.
Ledger accounts are used to maintain the detailed records of all financial transactions, but they are not part of the formal financial statements.
Step 3: Conclusion.
Thus, the correct answer is (C) Ledger Account. Final Answer: \[ \boxed{\text{Ledger Account}} \]
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