The accounting statement that reports cash receipts and disbursements for a business is called the:

Question

Quizplus · Accepted Answer

The cash flow statement is specifically designed to report the inflow and outflow of cash for a business, making it the correct answer. The income statement reports revenue and expenses, the balance sheet reports assets, liabilities, and equity, and the cash basis trial balance is a type of trial balance used in accounting.

The Accounting Statement That Reports Cash Receipts and Disbursements for a Business