Class 11 Financial Statements Quiz

To provide information about the financial performance and position of a company (correct)

To outline the company's organizational structure

To advertise the company's products and services

To showcase the company's philanthropic activities

Statement of retained earnings

Cash flow statement

Income statement (correct)

Balance sheet

To provide a snapshot of a company's financial position at a specific point in time (correct)

To detail the company's sales and marketing activities

To showcase the company's employee satisfaction level

To track the cash inflows and outflows of a company