CIPS Exam L4M4 Topic 2 Question 11 Discussion

Actual exam question for CIPS's L4M4 exam

Question #: 11
Topic #: 2

[All L4M4 Questions]

A company's balance sheet will show you which of the following?

Arevenue, profit and expenses

Bequity, assets and liabilities

Ccash coming in and out of the business

Dprofit, loss and assets

Show Suggested Answer

Suggested Answer: A

The three pillars of sustainability are profit, people and planet. This may also be referred to as social, economic and environmental.

by Stephane at May 19, 2024, 03:43 AM

Limited Time Offer

25%

Off

Contribute your Thoughts:

Submit Cancel

1 days ago

A) revenue, profit and expenses? That's an income statement, not a balance sheet. Someone needs to go back to Accounting 101.

upvoted 0 times

...

9 days ago

Cash in and out? Really, C)? A balance sheet is all about the financial position, not the cash flow. Rookie mistake!

upvoted 0 times

...

24 days ago

I think the answer is B) equity, assets and liabilities.

upvoted 0 times

...