Home »
MCQs »
Commerce MCQs »
Retained Earnings MCQs
A financial document showing the success or failure of a business transaction over a period of time known as?
7. A financial document showing the success or failure of a business transaction over a period of time known as?
- A retained income statements
- Income statement
- Bank statement
- Cash flow statement
Answer: B) Income statement
Explanation:
A financial document showing the success or failure of a business transaction over a particular period is known as an Income statement.