n NISM Certifications
XV NISM Series XV
Medium

Which of these items is included in the Income Statement?

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

Options

  1. Depreciation and Amortisation

    Correct answer

  2. B

    Accounts receivable

  3. C

    Long term debt

  4. D

    Current assets and Current liabilities

Why this is the answer

Depreciation and amortisation are expenses recorded in the Income Statement. Other items listed appear on the Balance Sheet.

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