Understanding an Income Statement

Understanding an Income Statement income statement An income statement is a core financial statement that shows you the company's revenues, costs and expenses, net income or loss, and other comprehensive income statement Key Points · An income statement is another name for a profit and loss statement · Revenue minus expenses equals profit or loss · An income statement

income statement Unlike a balance sheet, which records assets, liabilities and equities, an income statement focuses on revenue, gains, expenses and losses This pinpoints your

ขอ statement Generally, all income statements include revenue, gains, expenses, losses, from primary and secondary business activities If the bottom line is negative, that What is the Income Statement? The income statement presents the financial results of a business for a stated period of time The statement