Question

the cash accountis found on the ?

A. income statement

b balance sheet

c statement of retained earnings

d none of the above

Answer 1

A: Income Statement : This part of the financial statement will provide only revenue and expenses, So this is not a correct answer

Statement of retained earning : This parts shows the opening and closing reserves of the company and dividend amount paid , So this is also not a correct Answer.

Balance Sheet: Balance sheet includes current assets , Current Liabilities, Fixed assets and loans and advances , Capital & Reserves.

Cash is a current assets of the company and current assets includes in balance sheet.

As per the above, Answer = Option B = Balance Sheet