Accounting for IGCSE & O level - Accounting Procedures (Section 6 - No. 14)
What is the function of the income statement?
To measure the financial position of the company at a specific point in time
To measure the performance of the company over a period of time
To record all of the company's assets, liabilities, and equity
To list all of the company's expenses
Explanation
The income statement measures the financial performance of a company.
Comments (0)
