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Income statement measures the amount of net profit or net loss related to specific fiscal year of business.
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoincome statement reveals the actual income and expenses for specific fiscal year and net profit or net loss .
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What are uses of an income statement?
An income statement shows the profitability of an entity. Profitability can be a measure that investors and shareholders rely on to make their decisions.
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.
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.
What is a PL statement?
income statement
