The excess of revenue over the expenses incurred in earning the revenue is called capital. True False

The statement is: False.

Explanation:

Net Income is the result of subtracting a company's expenses in generating income from the total revenue and deducting taxes from that figure. The net income may be distributed as a dividend among common stock shareholders or retained by the company. Instead, capital refers to financial resources such as equity, debt, trading, and working capital.

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number