Question

The date on a monthly income statement prepared on April 30 is written as________.

(A) April 30, 20--.
(B) For Month Ended April 30, 20--.
(C) 20--, April 30.
(D) none of these.

Answer 1

(B) For Month Ended April 30, 20--.

Step-by-step explanation:

Since, the income statement reflects the activities of the specific firm/entity/company for a particular period, therefore the date on income statement is always written in below manner depending on the number of months it represents.

If 12 months are represented by the income statement, then the date on such income statement is written as:

For year ended April 30,20--.

If 6 months are represented by the income statement, then the date on such income statement is written as:

For six months ended April 30,20--.

If 1 month is represented by the income statement, then the date on such income statement is written as:

For month ended April 30,20--.

Keeping in view the above discussion, the answer to the question shall be

(B) For Month Ended April 30, 20--.