The financial report that measures the financial performance of your business on a monthly or an annual basis is:
A)profit and loss statement
B)income tax statement
C)balance sheet
D)credit report

Question

Quizplus · Accepted Answer

The profit and loss statement, also known as the income statement, shows the revenues, expenses, and profits or losses of a business for a specific period of time (usually a month or year). It provides valuable information about the company's financial performance and can be used to make business decisions and plan for the future. The other options, income tax statement, balance sheet, and credit report, do not provide the same level of detail about a company's financial performance.

The Financial Report That Measures the Financial Performance of Your