Income Statement Another Name For It

Antonyms for income statement.

Income statement another name for it. A condensed income statement will have three main categories. Earnings report operating statement profit and loss statement. In income statement other income is presented after the other gross profit. Other income 1 000.

See full answer below. Synonyms for income statement in free thesaurus. The p l shows how much money a business made over its related. Net income ni is known as the bottom line as it appears as the last line on the income statement once all expenses interest and taxes have been subtracted from revenues.

Another name for an income statement is the profit and loss p l statement. An income statement is one of the three important financial statements used for reporting a company s financial performance over a specific accounting period with the other two key statements. What are synonyms for income statement. In the 500 years since the codification of the double entry bookkeeping and accounting system the names of its components have changed many times with different names being used by different accounting standards throughout the world.

Revenues expenses and net income or loss. 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. Synonyms for income statement include earnings statement operating statement profit and loss account profit and loss statement revenue statement statement of financial performance statement of profit or loss and statement of operations. For example during the year the company make revenue usd500 000 cost of sales usd300 000 and other income usd5 000 then the extract p l of the company is as following.

Cogd 300 000 gross profit 200 000. As far as. Income statements usually include a heading with the name of the company the title of the statement and the time period. 3 synonyms for income statement.