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Option1 is the right answer.
The correct answer is true .......
The correct option is2) False.
Income Statement is also called Statement of Financial Performance
True is answer,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
Yes True.......................................
FALSE IT ALSO KNOWN AS PROFIT&LOSS
This Statement is false as Income Statement is used for non profit making entity while statement of earning is not used for these entities.
2. False is the correct answer.................
both two meaning are same so that the option no1 is right anawer
Option1 ........True....................
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