Income Statement Also Called

Balance sheet income statement statement of owner s equity and statement of cash flows.

Income statement also called. An income statement also called a profit and loss statement p l is a financial statement for companies that indicates how revenue money received from the sale of products and services before. Also sometimes called a net income statement or a statement of earnings the income statement is one of the three most important financial statements in financial accounting along with the balance sheet and the cash flow statement or statement of cash flows. An income statement reports the following line items. Revenue also referred to as sales or income forms the beginning of a company s income statement and is often considered the top line of a business.

And subtract them from each other rather than to forecast future gross. An income statement or profit and loss account also referred to as a profit and loss statement p l statement of profit or loss revenue statement statement of financial performance earnings statement statement of earnings operating statement or statement of operations is one of the financial statements of a company and shows the company s revenues and expenses during a particular period. The income statement is one of the main four financial statements that are issued by companies. The income statement also called the profit and loss statement is a report that shows the income expenses and resulting profits or losses of a company during a specific time period.

The income statement also called a profit and loss statement is a report made by company management that shows the revenue expenses and net income or loss for a period. Also known as the profit and loss statement or the statement of revenue and expense the income statement primarily focuses on the company s revenues and expenses during a particular period.