On which financial statement would a banker find the cash balance of a company? statement of stockholder's equity balance sheet income statement
On which financial statement would a banker find the cash balance of a company? statement of stockholder's equity balance sheet income statement
Chapter2: Introduction To Financial Statements
Section: Chapter Questions
Problem 16MC: Which financial statement shows the financial position of the company? A. balance sheet B. statement...
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Question
On which financial statement would a banker find the cash balance of a company?
statement of
income statement
Expert Solution
Step 1
Cash represent the amount company hold to meet his business expenses or in other words cash is part of working capital to run operating business of company.
Cash is a real Account.
For the year all expense and income or other transaction in cash are considered and net balance is carried forward to next year.
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