AS BUS Income Statements Flashcards

1

What does the income statement show about a business?

2

In an electricians business, where would trucks appear on the income statement?

3

Which sections does an income statement cover

4

Which of these terms does not fit into an income statement?

5

Who would be interested in the income statement?

6

What does the income statement contain?

7

Income statement is the direct cost of purchasing goods that are sold during a financial year?

8

The information contained on a profit and loss account cannot be used to....

9

An income statement is commonly refered to as a profit and loss account?

10

Empty question

AS BUS Income Statements