It shows the companys profit or losses attained during a period and the components of the same. Example Format of Income Statement, income Statement of X Ltd for the year ended 31st Dec.
7,686, share, like, download, Commercial Executive at, a-Tex International Limited, Denmark
Financial Statements include Income Statement, Balance Sheet, Statement of Retained Earnings and Statement of cash flows. These financial statements present a company or a firms financial health position and status. It also presents the performance of the business.
Revenue,000, less: Cost of revenue 50,000. Gross Profit 50,000, operating expenses: Rent 4,000, selling expenses 3,000, administrative expenses 10,000, depreciation expenses 5,000, operating expenses 22,000 Operating Income 28,000 Non-operating expenses.
These have to be presented in the companys annual report to be available to the outsiders and the public. 1. Income Statement, it shows the company or a firms various revenues, cost of revenues, gross profit, operating expenses, operating income, non-operating income and expenses and net income after taxes.
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