Question

Which of the following is not a part of financial statement of a company?

• A. Profit and loss statement
• B. Balance sheet
• C. Ledger Account
• D. None of these

Hint:

Ledger accounts provide details of individual transactions but are not part of the company's formal financial statements.

Answer 1

The Correct Option is C

Step 1: Financial statements of a company.
The financial statements of a company typically include the Profit and Loss Statement, the Balance Sheet, and the Cash Flow Statement.
Step 2: Role of Ledger Accounts.
Ledger accounts are used to maintain the detailed records of all financial transactions, but they are not part of the formal financial statements.
Step 3: Conclusion.
Thus, the correct answer is (C) Ledger Account. Final Answer: \[ \boxed{\text{Ledger Account}} \]