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  • 2021-04-14
    For every business, which of the following is not included in the three important financial statements.
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    • Which of the following statements is a description of the accounting concept of materiality? A: Financial statements are prepared assuming the business will continue for the foreseeable future. B: An item that is omitted or incorrect would affect users' decisions based on the financial statements. C: Profits and income are recognised with caution, losses and expenses are recognised as soon as known. D: The business and its owner are separate accounting entities.
    • The balance sheet is one of the basic ____1____. Financial statements are the main source of financial information to persons outside the business organization and also are useful to management. These statements are very ____2____, summarizing in three or four pages the activities of a business for a ____3____period of time, such as a month or a year. They show the financial ____4____ of the business at the end of the time period and also the ____5____ by which the business arrived at this financial position.
    • Which of the following are considered to be the primary personal financial statements?
    • Which of the following statements about financial markets and securities are true?
    • In Egypt, to the business cards, which statements of the following are right?

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