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Other name of income statement is “Profit and loss account†as this statement shows all the incomes and expenses of one fiscal year and at the end either there is profit or loss so that’s why it is called “profit and loss statement†as well.
What else can I help you with?
Take-home pay is another name for?
net income
What is another name for profit and loss statement?
income statement
What is another name for revenue on a financial statement?
Income Sales
What is another name for take-home pay?
net income
What is another name take-home pay?
net income
What is another name for earn?
A common name for net income kept is "retained earnings."
What is another name for retained earnings?
A common name for net income kept is "retained earnings."
What is another account name for income summary?
Another account name for income summary is "temporary income statement" or simply "income statement." This account is used to summarize revenues and expenses for a specific period, facilitating the transfer of net income or loss to retained earnings in the closing process of accounting. It helps to provide a clear overview of a company's financial performance over that period.
Do P and l refers to the income statement?
P and L refers to Profit and loss Account and yes its another name for Income statement
What is another word for Gross income?
Another word for gross income is taxable income. This is the income before taxes are taking out.
What is another name for cash received for goods or services?
Depending on the company the terms may be... Revenue, Income, Sales
What is another name of withholdings?
Another name for withholdings is "payroll deductions." These are amounts deducted from an employee's paycheck for taxes, insurance, retirement contributions, or other benefits. Withholdings are typically required by law and are designed to prepay income tax and other obligations.
