Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 26 - No. 17)
What is the ultimate goal of the Income Statement?
To show the company's cash position.
To show the company's financial performance.
To show the company's assets and liabilities.
To show the company's capital.
Explanation
The main goal of the income statement is to assess the financial performance of a company.
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