Which of the following is NOT a primary financial statement used in accounting?

In accounting, the primary financial statements include the Income Statement, Balance Sheet, and Cash Flow Statement. These statements provide critical insights into a company's financial health:

1. The Income Statement details revenues and expenses over a specific period, helping assess profitability.

2. The Balance Sheet summarizes the company's assets, liabilities, and equity at a given time, reflecting its financial position.

3. The Cash Flow Statement tracks the flow of cash in and out of the business, offering insights into liquidity and cash management.

On the other hand, a Capital Expenditure Report is not classified as a primary financial statement. Instead, it serves as a supplementary report that details investments in long-term assets. This report can help management track spending on items like equipment or buildings, but it does not convey the overall financial status of the company in the same comprehensive manner as the primary financial statements. Thus, the correct answer identifies the Capital Expenditure Report as not being a primary financial statement used in accounting.