Question

the income statement shows​

Answer 1

Answer:

hdjdhirg me know if there is

Answer 2

The income statement shows​ the financial position of a person.

Explanation:

• The income statement refers to an economic statement that records all the cash inflows and outflows of a person during a particular period of time.
• The income statement is generally made for a period of one year which starts on 1st April and ends on 31st March in India.
• An Income statement is a reliable document that can be referred to for understanding the sources of income and expenditures of a person.
• It is also a great option if you are trying to record your monetary activities.
• The income statement is also helpful in various financial decisions such as budgeting, etc.