Which one of the following presents a summary of income and outflows for a period of time?

Question

Quizplus · Accepted Answer

A cash flow statement presents a summary of income and outflows for a period of time, including operating activities, investing activities, and financing activities. A balance sheet presents a snapshot of an entity's financial position at a specific point in time, a bank statement shows transactions in and out of a bank account, an investment summary provides information on the performance of investments, and an asset report lists and describes an entity's assets.

Which One of the Following Presents a Summary of Income