Financial Statements:The records maintained by the company that shows the business activities and the financial position of a particular company are the financial statements of that company. Types of Financial Statements:Financial statement of any company includes its income statement, its balance sheet and its cash flow statement. Draft the correct income statement to find the major difference between the income statements of H Co. for the year ended 31 December 2017.

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Chapter 1, Problem 1.7.4AAP

To determine

Introduction: Financial Statements:The records maintained by the company that shows the business activities and the financial position of a particular company are the financial statements of that company.

Types of Financial Statements:Financial statement of any company includes its income statement, its balance sheet and its cash flow statement.

Draft the correct income statement to find the major difference between the income statements of H Co. for the year ended 31 December 2017.

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