Question

Q. What does Profit and lose shows? 1 point

	1.	Profit or loss during period indicates the financial operational results of the business, so it is necessary to put all financial records of the expenses, revenues or incomes relating to a particular period, so that matching between revenues and expenses can be facilitated.
	2.	Profit or loss during period indicates the marketing operational results of the business, so it is necessary to put all financial records of the expenses, revenues or incomes relating to a particular period, so that matching between revenues and expenses can be facilitated.
	3.	Profit or loss during this period indicates the HR operational results of the business, so it is necessary to put all financial records of the expenses, revenues or incomes relating to a particular period, so that matching between revenues and expenses can be facilitated.
	4.	All of the above

Answer 1

ANSWER: 1. Profit or loss during period indicates the financial operational results of the business, so it is necessary to put all financial records of the expenses, revenues or incomes relating to a particular period, so that matching between revenues and expenses can be facilitated.

EXPLANATION: We know that every business organization at the end of it's financial year, prepares the financial statements to analyze it's financial position and to know what amount of profit or loss earned during the financial year. For this part the accountant of the entity put all the records of the financial expenses, revenues or incomes that occurred during the financial year so that matching between revenues and expenses can be facilitated. The other options B and C are just the performance evaluation reports, they do not effect the financial transactions of the organization.

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