The Trading and Profit and Loss account is also called_?

Question

(A)Balance Sheet

(B)Cash Flow Statement

(C)Income Statement

(D)Trial Balance

Asha Kanta Sharma · Answer

It is also called Income Statements

Abdul Majeed · Answer

The trading and profit or loss account is also called Income Statement.

Ahmed Alkhateb · Answer

The answer is C. Income statement

Lyubomir Petrov · Answer

The Answer is: A: Balance Sheet

Mahmoud Hamid · Answer

Income statement: Revenues - COGS= GP

GP-Operating expenses=EBITDA

EBITDA - Deprectiona= EBIT

EBIT - interest= income before tax

Less tax= net income

Muhammad Rizwan · Answer

Option C : Income Statement