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*Heading
*Revenue
*Expenses
*Net income
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What are the main sections of a income statement?
Following are main sections:1 - Trading account2 - profit and loss account.
How do you do Income statement?
Comparative income statement is same as normal income statement with little addition of that income statement as well from which comparison is required.
How do you prepare comparative income statement?
Comparative income statement is same as normal income statement with little addition of that income statement as well from which comparison is required.
What are the two categories of the income statement?
Following are two catagories of income statement: 1- Single Step Income statement 2- Multy-step income statement
Is income statement same as financial statement?
no. income statement is a only a statement in financial statements.
What is a projected income statement?
projected income statement is the estimated income statement to estimate the future business position.
What are sections of a DOC statement?
Measured Resource Area, Mission Identification, and Unit Identification are sections of a DOC statement.
Does fees earned go on an income statement?
income statement
Which financial statement summarises income and expenditure?
income statement
What are the Types of income statement?
1. Single step income statement 2 – Multi-step income statement
Consolidated income statement?
Consolidated income statement is that statement in which expenses and incomes of subsidiary as well as parents companies shown as a joint in one single income statement.
Are the income a balance sheet account?
Income is an income statement account and shown in income statement and not a balance sheet account.
