Question

The financial statement that reports the revenues and expenses for a period of time
such as a year or a month is the
a) Balance sheet
b) Income statement Profit and loss Account
c) Statement of cash flow​

Answer 1

Answer:

An income statement or profit and loss account[1] (also referred to as a profit and loss statement (P&L), statement of profit or loss, revenue statement, statement of financial performance, earnings statement, statement of earnings, operating statement, or statement of operations)[2] is one of the financial statements of a company and shows the company's revenues and expenses during a particular period.[1]

Explanation:

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