Accountancy, asked by lilbleu, 3 months ago

Why is the Income Statement is prepared “For the Year”?

Answers

Answered by Ritu1808

Answer:

An income statement contains information about a company's revenues and expenses and the resulting net income. Net income is computed by deducting all expenses from all revenues. It is the primary measure of the company's ability to make money.

Answered by rohits5083

Answer:

No answer please sorry i don't know

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