Practice Quiz

Forensic Accounting

Category - Fundamental Forensic Knowledge

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Which of the following is NOT included in the financial information?
  1. Historical financial statements
  2. Current financial statements
  3. Tax returns
  4. Personal property utility bills
Explanation
Answer: D - Personal property utility bills is not included in the financial information of a business. Financial information contains all the relevant information related to the business. Personal expenses are excluded from the business, and hence, they are not treated as such.
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