Accountıng I Deneme Sınavı Sorusu #1147437
Which of the following is a common feature of the balance sheet and income statement?
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Both financial statements belong to a certain date |
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Both tables cover a certain period |
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Net profit item in both tables |
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Both tables show assets and resources |
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Show both revenues and expenses in both tables |
Yanıt Açıklaması:
The correct answer is C. Net profit is included in both the balance sheet and income statement. It is the balance sheet showing the entity's assets and resources and the financial statements for a given date. The ability to show revenues and expenses for a certain period belongs to the income statement.
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