+ Incomes or Revenues
- Expenses
Following are two catagories of income statement: 1- Single Step Income statement 2- Multy-step income statement
i have four years of balance sheet and income statement and now want to prepare cash flow statement from assets
Comparative income statement is same as normal income statement with little addition of that income statement as well from which comparison is required.
Comparative income statement is same as normal income statement with little addition of that income statement as well from which comparison is required.
no. income statement is a only a statement in financial statements.
projected income statement is the estimated income statement to estimate the future business position.
income statement
income statement
1. Single step income statement 2 – Multi-step 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.
Income is an income statement account and shown in income statement and not a balance sheet account.
Projected income statement means the preparation of propose or expected income statement of future or predicting the future income statement based on certain assumptions. Purpose of projected income statement is to find out or predicting the future of business by analyzing different scenarios in planning phase of business.