The actual disbursement of cash is recorded in which of the following financial statements?

Question

Quizplus · Accepted Answer

The actual disbursement of cash is recorded in the statement of cash flows as it shows the inflow and outflow of cash during a specific period of time. The income statement shows the revenue and expenses of a company, but it does not show the actual disbursement of cash. The balance sheet shows the financial position of a company at a specific point in time, but it does not show cash disbursement. The treasurer's report is a report prepared by the treasurer that may include various financial information, but it is not an official financial statement.

The Actual Disbursement of Cash Is Recorded in Which of the Following