What is the purpose of Statement of Profit and loss?

To present a true and fair view of the financial performance of the business

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

To present a true and fair view of the financial position of the business

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Both :

To present a true and fair view of the financial performance of the business

To present a true and fair view of the financial position of the business

No worries! We‘ve got your back. Try BYJU‘S free classes today!

None of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A
To present a true and fair view of the financial performance of the business

To present a true and fair view of the financial performance of the business is the purpose of Statement of Profit and loss

Suggest Corrections

Similar questions

______________ present a true and fair view of the financial position of the business.

Join BYJU'S Learning Program