The income statement is a financial statement that shows the performance of the business during a fiscal year, for example, shows the revenues, expenses and net profit or loss.
Income statement as a financial statement that shows the results of operations of the Company for any period of time, such as the fiscal year, showing revenues, expenses and net income or loss.
Income statement is a statement that shows the performance of the business at any one time, such as the financial year. It shows the income, expenses. And the profit or loss.