Which of the following is NOT a financial report type?

• A. Tax summary
• B. Activity
• C. Balance
• D. Reconciliation

Answer: (A)

Financial reports are meant to show a company’s financial position and performance. An activity report captures all transactions over a period, a balance report presents assets, liabilities, and equity at a specific date, and a reconciliation report checks that balances line up between ledgers and external records. A tax summary, while important for tax purposes, focuses on tax obligations rather than the company’s overall financial state, so it isn’t considered a standard financial report type.