Financial Statements

"For Month Ended" is used on a heading when...

• Always

• Never

• The statement is a summary report

• The statement is temporary

A = L + OE is proven on the...

• Income Statement

• Balance Sheet

• Cash Flow Statement

• Sales Journal

Revenues - Expenses = ?

• Net Income or Net Loss

• Owner's Equity

• Total Revenue

• Gross Profit

Beginning Capital - Drawing + Net Income = ?

• Net Income

• New Capital

• Net Earnings

• Total Assets

Net Income / Total Revenues = ?

• Sales Ratio

• Debt Ratio

• Net Income Ratio

• Current Ratio

The date of this financial statement DOES NOT include
"For Month Ended"

• Income Statement

• Balance Sheet

• Cash Flow Statement

• Worksheet

All Revenues

• Income Statement

• Balance Sheet

Liabilities

• Income Statement

• Balance Sheet

ALL Expenses

• Income Statement

• Balance Sheet

Supplies, Prepaid Insurance, Petty Cash

• Income Statement

• Balance Sheet