0
What else can I help you with?
How do you show proof of income if you are not or have not been employed?
I used http://www.INCOMEDOCUMENTS.com to print out real proof of income and employment.... If you have income from Social Security or government, you can show your bank statement as proof. If you have rental income you can show your receipts or your bank statement. If you have income from your parents you can show a letter from them stating how much income you receive.
How would you describe an income statement?
Income statements show net income for a period of time (income minus expenses).
Suppose i buy one good for Rs.1000.00 now i want sell that goods Rs. 7000.00 my question is it comes under Balance sheet or Profit and loss account?
when you buy good for 1000 that good will be shown under balance sheet as an inventory and when u will sell that it will show as sales revenue of 7000 in income statement.
Difference between marchindising income statement and manufacturing income statement?
Both statements are difference in this way that in merchandising income statement there is only one purchases items while in manufacturing income statement there is complete manufacturing account is also prepared to show manufacturing process as well.
What does the income statement show amounts for?
revenues, gains, expenses and losses.
Why expenses debited in the income statement?
All incomes and expenses related to one fiscal year arrives in income statement as it is the sole purpose of income statement to show all expenses and incomes to arrive and net profit or net loss for that period.
What is the purpose of an income statement?
To show managers and investors whether the company made or lost money during the period being reported
Income statement projections realistically in the first few months of operations?
show profitd
What is the FIFO method for inventory valuation may increase income tax due as well as showing the true financial position of a business with respect to inventory during the period of rising prices?
As in Period of Price rising, current market price of the inventory will be higher than the previous market price on which inventory was purchased by the business. If using FIFO method the lower value of inventry will be rocorded then the value of inventory consumed will not meet the current market position. As a result all the Expenses shown in the financial statements will be lower, profit will be higher which may cause increase in income tax due and the ending inventry will show a higher value. Newer Post
Does the income statement show total assets?
The income statement shows the total movement of expenses and revenues from that year.The balance sheet shows the total movement of assets, liabilities and equity from that year.It is the BALANCE SHEET that shows the total assets, not the income statement - which shoes profit/loss etc etc..
Why are creditors interested in the income statement?
Creditors would interested in an income statement because it would show the potential for revenue. Creditors would be more likely to lend money to a company with a positive bottom line.
Which is typically answered with the income statement?
Income statements will show gross wages, Federal, State, Local withholding taxes, FICA tax and net pay.
