Income Statement Accounts Pdf

Definition of income statement accounts income statement accounts are one of two types of general ledger accounts.

Income statement accounts pdf. Chapter 4 income statement and related information 4 3 illustration illustration 4 2 presents an income statement for boc hong company. Boc hong s in come statement includes all of the major items in the list above except for. 5 2 comprehensive income and expenditure statement cies 39 5 3 movement in reserves statement 40 5 3 balance sheet 41 5 4 cashflow statement 42 6 notes to the accounts 43 130 7 housing revenue account hra 8. Download income statement chart of accounts pdf return to tutorial free bookkeeping tutorials quizzes bookkeeping practice set the chart of accounts is normally arranged or grouped by the major types of accounts.

3 2 accounting equation in the balance sheet the assets of the business are equal to the. Operating revenues operating e. The other accounts in the general ledger are the balance sheet accounts income statement accounts are used to sort and store transactions involving. The income statement shows all the revenue or income generated for the period less all expenses arriving at the period s profit or loss.

Consolidated income statement amounts in millions of euros notes 2018 2017 net sales 3 26 145 25 336. You do not need to know these standards in any detail we will therefore skip to show you the structure of a typical income statement we repeat. Xyz company limited statement of income and retained earnings for the year ended june 30 2002 unaudited see notice to reader 2002 2001 revenue 1 104 786 1 133 736 cost of sales. Income statements and balance sheets 2 1 chapter overview 2 2 the income statement 2 3 the balance sheet 2 4 the importance of accounting for business operations.

Income statement object codes revenues and expenses infor business class account legacy value name infor value revenues 31911r property tax current 5101001 31912r property tax prior 5101002 31913r police 5.