A business's cash receipts and cash payments for a specific period are reported on a(n)________.

Question

Quizplus · Accepted Answer

Cash receipts and cash payments for a specific period are reported on the statement of cash flows, which provides information on a business's cash inflows and outflows during a given period. The income statement reports a business's revenue and expenses, while the balance sheet shows the company's assets, liabilities, and equity at a specific point in time. A cash reconciliation statement is not a standard financial statement but may be prepared to reconcile the difference between the cash balance reported by the bank and the company's records.

A Business's Cash Receipts and Cash Payments for a Specific