, Income Statement
what is an income statement ?
I Revenue -
Expenses = Profit
Purposeofwicomesratemeut.tt
here are three key purposes of income statement .
I Display how effective a business has been at generating wealth
, .
2 Demonstrates how the business has performed and whether it made
an acceptable level of profit for its shareholders .
I, It calculates how much tax a business must pay .
*he relationship between the income sheet and balance sheet
Ratana Ratana Balance
Balance sheet
Palayam Balaguer
y
.
Indhu thumb
statement statement
flows
flows
what is an income statement ?
I Revenue -
Expenses = Profit
Purposeofwicomesratemeut.tt
here are three key purposes of income statement .
I Display how effective a business has been at generating wealth
, .
2 Demonstrates how the business has performed and whether it made
an acceptable level of profit for its shareholders .
I, It calculates how much tax a business must pay .
*he relationship between the income sheet and balance sheet
Ratana Ratana Balance
Balance sheet
Palayam Balaguer
y
.
Indhu thumb
statement statement
flows
flows
