New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Which financial statement reports a company’s revenues

    and expenses over a specific period of time?
    A Income statement Correct Answer Incorrect Answer
    B Balance sheet Correct Answer Incorrect Answer
    C Statement of cash flows Correct Answer Incorrect Answer
    D Statement of changes in equity Correct Answer Incorrect Answer

    Solution

    The income statement reports a company’s revenues and expenses over a specific period of time.

    Practice Next

    Relevant for Exams: