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6.4.1b Components of financial statements

What period does an income statement cover?

A

The next trading year, based on predicted revenue and costs.

B

One specific date, normally the final day of the trading year.

C

The business’s entire lifetime, from opening until closure.

D

A period of time, normally one trading year.

6.4.1b Components of financial statements Flashcards

  1. GCSE
  2. /Business
  3. /6.4.1b Components of financial statements

26 flashcards on AQA GCSE Business 6.4.1b Components of financial statements: the key terms, formulae and case studies you need to recall for Paper 1 and Paper 2.