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A financial document showing the success or failure of a business transaction over a period of time known as?

7. A financial document showing the success or failure of a business transaction over a period of time known as?

1. A retained income statements
2. Income statement
3. Bank statement
4. Cash flow statement

Answer: B) Income statement

Explanation:

A financial document showing the success or failure of a business transaction over a particular period is known as an Income statement.