Question

what is the income statement disadvantage​

Answer 1

Answer:

Hey Mate

Here is Ur Answer Below

Explanation:

DISADVANTAGES OF INCOME STATEMENT:

Misrepresentation of data:The income statement includes not only current revenues gained from sales but also the money due from accounts receivable which the business has not paid yet, just as it includes liabilities as expenses that have not actually been paid yet.

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Answer 2

Answer:

PLEASE MAKE ME BRAINLIST

Explanation:

DISADVANTAGES OF INCOME STATEMENT:

Misrepresentation of data:The income statement includes not only current revenues gained from sales but also the money due from accounts receivable which the business has not paid yet, just as it includes liabilities as expenses that have not actually been paid yet.