Question

Do you agree or disagree with the following statement:
Financial statement includes only balance sheet.

Hint:

A complete financial statement includes the balance sheet, income statement, and other relevant financial reports.

Answer 1

Step 1: Understand the components of financial statements.
A financial statement includes not only the balance sheet but also the Income Statement (Profit and Loss Account) and other statements, such as cash flow statements.

Step 2: Evaluate the statement.
The statement that financial statements include only the balance sheet is incorrect, as it omits important financial reports like the Profit and Loss account.

Step 3: Conclusion.
Thus, I disagree with the statement.

Final Answer: \[ \boxed{Disagree} \]