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Analysing Comparative Statement of Profit and Loss

A financial s...

Question

A financial statement that summarizes company revenue and expenses is _________.

A

Balance sheet

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B

Statement of owner's equity

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C

Statement of Profit and Loss

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D

Statement of Cash Book

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Solution

The correct option is C
Statement of Profit and Loss

A financial statement that summarizes company revenue and expenses is Statement of Profit and Loss.

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