Answer / srinivas v

income is a gain occuring over a period of time by an entity and which is expressed in terms of money.
income statement is also known as profit and losss statement which shows all income and expenditures occured during the financial year.

Answer / suman

income is a gain occuring over a period of time by an entity
and which is expressed in terms of money.
income statement is also known as profit and losss statement
which shows all income and expenditures occured during the
financial year.

Answer / varun

Income is the to generate selling of goods income but income statement is the our company financial performance depends upon

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Revenue Expenditure

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what do you mean by cash profit

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