Which of the Following Statements Is Incorrect

Which of the following statements is incorrect?

A) Revenue minus expenses = profit or loss
B) Receipts minus payments = profit or loss
C) Wealth at the end of the period minus wealth at the start = profit or loss
D) Assets at the end of the period - liabilities at the end of the period = owners' equity at the start of the period plus or minus the profit or loss for the period
E) None of the above