Income Statement Without Revenue

The income statement summarizes a company s revenues and expenses over a period either quarterly or annually.

Income statement without revenue. Income statements show how much profit a business generated during a specific reporting period and the amount of expenses incurred while earning revenue. The first line on any income statement or profit and loss statement deals with revenue. An income statement otherwise known as a profit and loss statement is a summary of a company s profit or loss during any one given period of time such as a month three months or one year. The income statement also called a profit and loss statement is one of the major financial statements issued by businesses along with the balance sheet and cash flow statement.

The income statement comes in two forms multi step and single step. The profit or loss is determined by taking all revenues and subtracting all expenses from both operating and non operating activities this statement is one of three statements used in both corporate finance including financial modeling and accounting. The income statement records all revenues for a business during this given period as well as the operating expenses for the business.