Other Names For Sales On Income Statement

It is the income earned from operating. Within financial statements names for some items vary from one company to another. The exact wording may vary but you can look for terms like gross revenue gross sales or total sales this figure is the amount of money a business brought in during the time period covered by the income statement.

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Net Profit Margin Definition

This section includes total sales the cost of goods sold and the difference between the two which is gross profit.

Other names for sales on income statement. Other income that records in the income statement normally refers to the types of incomes that are not related to or generate from the main operation of an entity. The sections of a multi step income statement include. Total sales minus merchandise expense equals gross profit a measure of top line growth. Credit sales flow into the top line section of a statement of profit and loss the other name for an income statement or statement of income.

The p l shows how much money a business made over its related. See full answer below. Sometimes an income statement is a profit and loss statement. The first line on any income statement or profit and loss statement deals with revenue.

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. Another name for an income statement is the profit and loss p l statement. Those incomes included a gain on disposal of assets gain on revaluation of assets interest incomes from sales on credit which is overdue interest from the savings account interest from fixed deposit and similar kind. These are the expenses that are directly related to operations of the company like selling general and administrative expenses.

In the top line category you also find merchandise expense also known as cost of sale or cost of goods sold.