Question

At the end of every month, the accounting department submits a balance sheet, statement of profit and loss, and cash flow statement to the senior management team. These are all ________.

Answer 1

Answer: Financial Statements.

Explanation:

Financial Statements are accounting details of the financial activities of a business establishment, showing how the business has performed during a given period.

The financial statements are of three types, we have the: income/ profit and loss statement, balance sheet and the cash flow statement.