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      Question

      The business organization prepares the set of financial

      statements. Which option is not a part of financial statement?
      A Income Statement Correct Answer Incorrect Answer
      B Cash Flow Statement Correct Answer Incorrect Answer
      C Fund Flow Statement Correct Answer Incorrect Answer
      D Balance Sheet Correct Answer Incorrect Answer
      E Notes to Accounts Correct Answer Incorrect Answer

      Solution

      Fund Flow Statement is not a part of the financial statements. A fund flow statement is a financial document that tracks the movement of financial resources (typically defined as working capital) in and out of a company between two specific balance sheet dates. It explains the reasons behind the changes in a company's financial position by detailing where funds were sourced and how they were applied.

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