Which financial statement would indicate whether there is enough cash to purchase new equipment and how much money is owed to suppliers?

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Small Business Accounting Review — practice the complete quiz, review flashcards, or try a random question.

Essential Small Business Accounting Tasks
Bookkeeping:
Regularly documenting receipts, invoices, and bank transactions.
Reconciliation: Checking bank statements against accounting records to ensure accuracy.
Tax Compliance: Tracking expenses to calculate and settle tax liabilities, such as VAT or income tax.
 


1. Which financial statement would indicate whether there is enough cash to purchase new equipment and how much money is owed to suppliers?