Question

The following can be found in an income statement except
a. Income b. assets c. expenses d. profit or loss

Answer 1

Answer:

asset, asset comes in balance sheet

Answer 2

Explanation:

Assets are Tangible objects or Intangible rights owned by an enterprise and carrying probable future benefit. Assets are brought by business to bring future benefits to the business. Where as Income and Expenditure is a financial statement of revenue and expense of an enterprise.

Income and Expenditure is recorded as money that is recieved or provided.

Excess Income over Expense give profit and  excess Expense over Income

gives Loss.