A statement that records where your money has come from and where it has gone over some period of time is called a(n)
A)income statement.
B)balance sheet.
C)statement of net worth.
D)none of the above

Question

Quizplus · Accepted Answer

An income statement is a financial statement that shows a summary of financial activities over a period of time, including where money has come from (revenue) and where it has gone (expenses and net income). The other options listed do not specifically relate to tracking the flow of funds over time.

A Statement That Records Where Your Money Has Come from and Where