92.3k views
3 votes
What is the source of information used to prepare the balance sheet?

User Equidamoid
by
6.6k points

1 Answer

3 votes

Answer:

Information from your accounting journal and your general ledger is used in the preparation of your business's financial statement.

Step-by-step explanation:

The income statement, the statement of retained earnings, the balance sheet, and the statement of cash flows all make up your financial statements.

User Hamed
by
7.2k points