"Income Statement" is also called "Statement of Earnings.?

Option1 is the right answer.

The correct answer is true .......

The correct option is2) False.

Income Statement  is also called Statement of Financial Performance

True is answer,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

Yes True.......................................

FALSE IT ALSO KNOWN AS PROFIT&LOSS

This Statement is false as Income Statement is used for non profit making entity while statement of earning is not used for these entities.

2. False is the correct answer.................

both  two  meaning  are same   so that  the option   no1 is right anawer

Option1 ........True....................