What documentation shows the income,expenses,and difference between them for a company during a specific time period?
A)income statements
B)balance sheets
C)accounts payable
D)purchase order

Question

Quizplus · Accepted Answer

Income statements show the revenue, expenses, and net income for a specific period. Balance sheets show the assets, liabilities, and equity of a company at a specific point in time. Accounts payable and purchase orders are related to the company's expenses but do not show the overall income and expenses for a specific period.

What Documentation Shows the Income,expenses,and Difference Between Them for a Company