Answer: Option B
Explanation: In simple words, income statement refers to the financial statement in which an organisation depicts and values its financial performance over the year.
It records the amount of revenue that an entity made and the expenses that were occurred to earn those revenue over one year. It depicts the net profit that an organisation made for the year.
On the other balance sheet shows the position of an entity at a specific point of time, usually at the end of the financial year. It shows assets on one sections and liabilities and capital in other section to depict the net worth of the entity.
