Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 43 - No. 46)
Which of the following is the main purpose of an Income Statement?
To show a company's financial performance.
To record changes in cash flow.
To present the assets, liabilities, and equity.
To show the balances of the bank accounts.
Explanation
The main purpose of the income statement is to show the performance of a company.
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