Answer:
Income statement
Explanation:
Income statement resumes the financial performance of a business during an especific time.
Answer:
Income statement ( D )
Explanation:
Income statement also known as a profit and loss statement is a record of an organization's financial earnings performance of a given period of time. this is a means of measuring the profitability of a company, the components of an income statement includes the total revenues and the total expenses of the organization and the difference between these two determines how profitable an organization is.
A balance sheet is used to record all the assets,liabilities and capital of an organization it is is actually used to know if a company is profitable or not, because included in the balance sheet is cash, prepaid expenses and fixed assets....... and this are not needed to know if a company had a profit in a specific given time.
