Which of the Following Best Describes a Statement of Profit

Multiple Choice

Which of the following best describes a statement of profit or loss?

A) A statement of a business's assets and liabilities.
B) A record of the changes in a business's capital over a period of time.
C) A summary of the revenue and expenses of a business over a period of time.
D) A list of all of the transactions of a business during a financial year.