What is an Income Statement and Why Is It Important?

An income statement documents a business' revenue and expenses Along with a balance sheet, cash flow

2 Create a trial balance report A balance report details your end balance for each account that will be listed on the income statement This

ขอstatement The income statement is a historical record of the trading of a business over a specific period It shows the profit or

ขอ statement When looking for trade opportunities, be sure to check the income statement, the consolidated balance sheet, and the statement of cash flows