( Financial statements of a company include:
(1) Balance Sheet
(2) Profit and Loss Account
(3) Cash Flow Statement
(4) All of the above
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Answer:
(4). All of the above
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The Financial Statements of a company generally includes three statement namely Income statement.
Balance sheet and cash flow statement. Income statement shows the profit earned or loss incurred by the company during the financial year.
Balance sheet shows the balances of assets and liabilities at the end of the year and cash flow statements show the inflow and outflow of cash in the business.
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