Which of the following financial statements shows the revenues and expenses of a bank over a set period of time?

Question

Quizplus · Accepted Answer

The Report of Income, also known as the Income Statement, shows the revenues and expenses of a business or organization over a set period of time (usually one year). Therefore, it is the financial statement that shows the revenues and expenses of a bank over a certain period.

Which of the Following Financial Statements Shows the Revenues and Expenses