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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 Income Statement section of the work sheet is the information source used in preparing the income statement.
The cast of A Statement of Affairs - 1993 includes: Frances Barber as Pip Adrian Dunbar Dorian Healy as Steve Lesley Manville as Carol
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The net income from the income statement is used in the retained earnings statement.
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.