Final answer:
The trial balance is not one of the basic financial statements issued to external users of the business. The three basic financial statements are the income statement, the balance sheet, and the statement of cash flows.
Step-by-step explanation:
A balance sheet is an accounting tool that lists a company's assets and liabilities. It provides a snapshot of the financial position of a business at a specific point in time. The trial balance is not one of the basic financial statements issued to external users of the business. The three basic financial statements are the income statement, the balance sheet, and the statement of cash flows. The trial balance is an internal document used by accountants to ensure that the debits and credits are in balance before preparing the financial statements.