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PURPOSE and notes on statement of affairs and samples for a new business
There are two methods of preparing Income Statement. They are:- 1. Absorption costing method. 2. variable Costing method.
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Statement 4
net income
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The cast of A Statement of Affairs - 1993 includes: Frances Barber as Pip Adrian Dunbar Dorian Healy as Steve Lesley Manville as Carol
The Income Statement section of the work sheet is the information source used in preparing the income statement.
The net income from the income statement is used in the retained earnings statement.
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trail balance
AnswerTrial Balance is a statement showing the closing balances of all the ledger accounts and Balance Sheet is a statement showing the closing balances of Assets and Liabilities.