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Does interest revenue go on income statement?
Yes all revenues are part of income statement and interest revenue also that’s why it is shown in income statement as other income.
Where does cash go on the income statement?
Cash does not appear on the income statement. The income statement shows a company's revenues and expenses over a specific period, while cash flow is shown in the statement of cash flows.
Where does cash go on an income statement?
Cash does not appear on an income statement. The income statement shows a company's revenues and expenses over a specific period of time, while cash flow is shown on the statement of cash flows.
Which of the following is the bottom line on the income statement?
the net income
Where does interest expense in the income statement?
Interest expense is shown at debit side of income statement because it is an expense for business.
What is a mathematical statement that can be shown to be true using previously proven statements?
Such a statement is called a theorem.true
Can Net income on an income statement be negative?
Yes net income on income statement can be negative and that amount is called net loss for that specific period or fiscal year.
Is revenue part of an income statement?
Yes revenues and expenses are part of income statement and difference between revenue and expenses is called net income or loss.
What is the income you earn from the shares dividend?
Income earned from shares is called dividend income and shown in income statement as "Other income".
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.
What is a financial statement that summariezes the revenues and expenses for a specific period of time called?
An income statement is the summary of a business's income and expenses during the past year. Income statements are used to determine how well a business is performing financially.
What is the new name for profit and loss account?
It's now called "Statement of Income and Expenditure" according to the newly introduced IFRS.
What is it called when your expenses are greater than your revenues on an income statement?
loss
What is it called when your expenses are greater than your revenue on an income statement?
loss
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.
