Which of these is not an alternative name for the income statement?
A) Operating statement
B) Profit and loss statement
C) Profit report
D) Statement of financial position

Question

Quizplus · Accepted Answer

The income statement is also known as the operating statement or profit and loss statement. The statement of financial position, on the other hand, is the balance sheet. Therefore, option D is not an alternative name for the income statement.

Which of These Is Not an Alternative Name for the Income