n NISM Certifications
XV NISM Series XV
Medium

Which of these items is included in an Income Statement?

Practice question from NISM XV Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Accounts receivable

  2. B

    Current assets and Current liabilities

  3. Depreciation and Amortisation

    Correct answer

  4. D

    Long term debt

Why this is the answer

Income statements record all company expenses, including depreciation and amortisation. Other items listed appear on the balance sheet.

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