Match the words with the term.
-statement of income
A) profit for the year
B) working capital
C) financing activities
D) non-current assets
E) dividends

Question

Quizplus · Accepted Answer

A statement of income, also known as an income statement or profit and loss statement, primarily shows the profit for the year, detailing how the net income of a business is arrived at over a certain period by stating all revenues and deducting all expenses from these revenues.

Match the Words with the Term