The correct answer would be, Income Statement.
A Financial statement showing Revenues and Expenses for a Fiscal period is called as the Income Statement.
Explanation:
There are many financial statements that are generated for a company in usually a period of one year. Three of the main financial statements are as follows:
- Balance Sheet
- Income Statement
- Cash Flow Statement
Balance sheet gives an insight into the assets, liabilities and owner's equity of the company. Income Statement gives an insight into the Revenues and Expenses of the organization and Cash Flow statement tells us about the ins and outs of cash within the specific period of time.
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True or false? The answer is true
The answer to your question would be A
