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

Question

Quizplus · Accepted Answer

The cash flow statement presents a summary of income and outflows for a period of time. The balance sheet is a snapshot of an organization's financial position at a particular point in time, the bank statement is a record of transactions on a specific bank account, the investment summary is a report on an individual's investment portfolio, and the asset report is a list of an organization's assets and their values.

Which One of the Following Presents a Summary of Income