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Which report gives a review on the profitability of a business?

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Which report gives a review on the profitability of a business? Answer: Income statement

The Income Statement (also known as the Profit and Loss, or P&L, statement) is the financial report that reviews a business's profitability over a specific period, showing its revenues, expenses, and the resulting profit or loss.

Question context

This question is part of 🌍 Current Affairs within the broader 🌐 Current Affairs & GK subject and appears in the SPSC – Sindh Public Service Commission preparation collection. Reviewing the answer together with nearby questions helps reinforce the underlying concept and identify how it may appear in competitive exams.