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A Financial statement that indicates the success or failure of a business, over a period of time is called: ?

A)  A cash flow statementB)  A retained earnings statementC)  An income statementD)  A balance sheet

Accounting Financial Reporting Financial Accounting Financial Transactions Bookkeeping
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Question added by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group
Date Posted: 2015/06/25
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Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option C is the right answer.

Hani Bawashkah
by Hani Bawashkah , Audit & Accounting Supervisor , BMB & CO CERTIFIED PUBLIC ACCOUNTANTS (ADVISORY & ASSURANCE)

Income statement ( Profit & Loss statement)

 

Naeem Akhtar bhatti
by Naeem Akhtar bhatti , good , school

 it is called a retained statement

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