Question

What is INCOME STATEMENT ???????

Answer 1

hey mate here is the answer -

Income Statement means the financial statements of a company and shows the company’s revenues and expenses during a particular period. 

hope this helps you

Answer 2

An income statement is one of the three important financial statements used for reporting a company's financial performance over a specific accounting period, with the other two key statements being the balance sheet and the statement of cash flows. Also known as the profit and loss statement or the statement of revenue and expense, the income statement primarily focuses on company’s revenues and expenses during a particular period.