Financial Accounting

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Financial Statements Order

FINACT-EIXVNG

What is the correct order for the preparation of the financial statements within the accounting cycle?

A
  1. Balance Sheet
  2. Income Statement
  3. Statement of Retained Earnings
  4. Statement of Cash Flows
B
  1. Statement of Cash Flows
  2. Statement of Retained Earnings
  3. Balance Sheet
  4. Income Statement
C
  1. Statement of Retained Earnings
  2. Statement of Cash Flows
  3. Balance Sheet
  4. Income Statement
D
  1. Income Statement
  2. Statement of Retained Earnings
  3. Balance Sheet
  4. Statement of Cash Flows