What Is an Income Statement? Format, Contents, & Expenses

What Is an Income Statement? Format, Contents, & Expenses income statement An income statement is a financial statement that shows you how profitable your business was over a given reporting period It shows your ขอstatement The income statement is designed to start with revenue, then deduct expenses until you are left with net income

ขอstatement An income statement, also known as a profit and loss statement, is a financial statement that shows a company's revenues and expenses over a

thesis statement example It is because it details the company's profit sources based on its performance in selling products, offering services or in its investments' income To explain Income statements are based on a few very simple concepts, which you already understand Here's how to read and analyze an income statement in seven steps