Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 32 - No. 41)
What does the 'Income Statement' report?
Assets, Liabilities, and Equity.
Cash inflows and outflows.
Revenues, expenses, and profit or loss.
Changes in equity.
Explanation
The income statement includes revenue, expenses, and the final results - profit/loss.
Comments (0)
