Which one of the following statements correctly describes the contents of the Statement of Profit or Loss?

Select one:

a. A record of revenue and expenses over a given period to calculate profit/ loss of the business.

b. A ledger of balances shown as debits and credits

c. A record of the amount of cash generated and used by the company in a given period.

d. A list of all the assets owned and liabilities owed by a business.