Accountancy, asked by mohangowtham19, 2 months ago

Significance of income statement

Answers

Answered by djhardas82

Explanation:

An income statement is an important financial statement as it shows the overall profitability of a company. You can also use the income statement to analyze how efficiently your business is able to translate expenses into revenues

Answered by siya128

Answer:

An income statement is an important financial statement as it shows the overall profitability of a company. You analyze how efficiently your business is able to translate expenses into revenues.

Explanation:

hope it helful for you.

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