Which of the following statements about an income statement is true?
A) An income statement provides information on an organisation's profitability at a certain point in time.
B) An income statement matches revenues earned during a period,against expenses incurred in earning the revenues.
C) The expenses may include depreciation.
D) For revenue to be included,it is not necessary for cash to have been received.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements about an income statement is true?
A) An income statement provides information on an organisation's profitability at a certain point in time.
B) An income statement matches revenues earned during a period,against expenses incurred in earning the revenues.
C) The expenses may include depreciation.
D) For revenue to be included,it is not necessary for cash to have been received.

Which of the Following Statements About an Income Statement Is