How To Prepare An Income Statement

income statement  Generally, all income statements include revenue, gains, expenses, losses, from primary and secondary business activities If the bottom line is negative, that An income statement, also known as a profit and loss statement , is a financial document that provides a summary of a company's

An income statement shows · Sales revenue - the amount of money received for selling goods or services · Gross profit Everything to know about an income statement and how to

An income statement or profit and loss account is one of the financial statements of a company and shows the company's revenues and expenses during a INCOME STATEMENT definition: a financial statement that summarizes the various transactions of a business during a