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1.
Balance sheet and income statement
2.
Balance sheet, income statement, statement of cash flows, and statement of stockholders' equity
3.
Statement of financial earnings and statement of stockholders' equity
4.
Balance sheet, income statement, and statement of cash flows
Accountants refer to the income statement accounts (revenues, expenses, gains, losses) as temporary accounts because their balances will be closed and transferred to the owner's capital account at the end of the year.
According to IAS1 " Presentation of Financial Statement" Financial Statements represents
Statement of Financial Position
Statement of Profit or Loss
Statement of Cash flow
statement of stockholders' equity
And Notes to the Accounts
Option two should be right answer
Option2 is the right answer.
The basic financial statements are
income statement, balance sheet and cash flow statement
The basic financial statements of an enterprise include the 1) balance sheet , 2) income statement, 3) cash flow statement, and 4) statement of changes in owners' equity or stockholders' equity.& Notes on accounts associated with the financial statement as Per IFRS standard
BALANCE SHEET
INCOME STATEMENT
CASH FLOW SATEMENT
STOCKHOLDER'S EQUITY
AUDIT REPORT
Option 2 has the main items and there is also notes to the accounts which includes a Fixed Asset Schedule to detail depreciation etc.
1-Statment of Financial Position
2- Statment of Comprehensive income statment with notes.
3- Statment of changes in Equity
4-Statment of Cash Flow Statment.
