Which Of the following is the typical sort of making basic financial Statements?

the correct answer is (a) 

a-  Income Statement then Balance Sheet then Statement  of change in owner Equity then Cash flow Statement  

Financial statements have generally agreed-upon formats and follow the same rules of disclosure. This puts everyone on the same level playing field, and makes it possible to compare different companies with each other, or to evaluate different year's performance within the same company. There are three main financial statements:

1. Income Statement
2. Balance Sheet
3. Statement of Cash Flows

In financial statement " Audit Report"

No. B

b-  Balance Sheet then Income Statement then Statement  of change in owner Equity then Cash flow Statement  

Regards 

Option E. is correct because Income statement information generate the Profit which distribute in Change in equity after this Balance Sheet prepare and adjust the capital value in B/s after this cash flow Prepare. It is requirement of IAS 1, also requirement of  IFRS 1. Due this option E is correct scenario. 

Thanks for the invitation

I vote for the option e.

1. Income Statement

2.Statement of change in owner Equity then

3. Balance Sheet

4. Cash flow Statement  

The correct option is >>>>>>>>>>>>>> (e)

Considering requirement of IAS 1 & IFRS 1 and the logical flow of accounting information, the income statement is prepared which shows PROFIT, it is transferred in Statement of changes in equity which gives Capital figure, it is transferred in BALANCE SHEET and in last, Cash flow statement is prepared.

E is the correct answer, which is tells the flow of accounting information according to IAS 1 & IFRS 1

Income Statement then Statement  of change in owner Equity then Balance Sheet then Cash flow Statement  

Thanks for invitation!!

In your question, option (b) and option (d), both have same sequence. The correct sequence is missing in your options.

The typical sort of making basic financial statements are as follows:

1. Balance Sheet or Statement of Financial Position2. Income Statement or Statement of Operations3. Statement of Cash Flows4. Statement of Shareholders' Equity

The income statement and e-change statement in the shareholders' rights and the owner's balance sheet and statement of cash flows

Option E if correct 

Income Statement

Statement  of change in owner Equity / Statement of retained earning

Balance Sheet

Cash flow Statement  

optiton E. Income statement-net profit or loss adjust with owners equity-Balance sheet and finally cash flow