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Card 1 of 22

Which financial statement would you use to judge whether a business made a profit or loss over a year?

A

The balance sheet.

B

The cash flow statement.

C

The sales budget.

D

The income statement.

Card 1 of 22

Income (profit and loss) statement Flashcards

  1. A Level
  2. /Business
  3. /Income (profit and loss) statement

22 flashcards on OCR A Level Business Income (profit and loss) statement: the key terms, formulae and case studies you need to recall for Component 01, Component 02 and Component 03.

Flashcards