Which of the following financial statements is also called a profit and loss statement?

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06-12-2021
Business

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Which of the following financial statements is also called a profit and loss statement?

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Marifer042007idn Marifer042007idn · Answer 1 · 2021-12-06T22:07:49-05:00

Marifer042007idn Marifer042007idn

06-12-2021

Answer:

Also known as the profit and loss statement or the statement of revenue and expense, the income statement primarily focuses on the company's revenues and expenses during a particular period.

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