A

Admin • 802.91K Points
Coach

Q. Which financial statement summarizes revenues and expenses?

  • (A) Cash Flow Statement
  • (B) Balance Sheet
  • (C) Income Statement
  • (D) Statement of Changes in Equity
  • Correct Answer - Option(C)
  • Views: 3
  • Filed under category Accounting
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Explanation by: Admin
The Income Statement (or Profit & Loss Account) shows revenues and expenses over a period.

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