Breathtaking Another Name For An Income Statement

Another name for an income statement is the profit and loss PL statement.

Another name for an income statement. In the top-line category you also find merchandise expense also known as cost of sale or cost of goods sold. The income statement also called the profit and loss statement is a report that shows the income expenses and resulting profits or losses of a company during a specific time period. The income statement comes in two forms multi-step and single-step.

The profit or loss is determined by taking all revenues and subtracting. The income statement is commonly referred to as a profit and loss statement or P L A companys income statement is a record of revenue and expense over a period of time. Synonyms for income include earnings gains revenue pay proceeds wages yield means profits and salary.

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. The PL shows how much money a business made over its related. Other income 1000.

What Is Net Income NI. Indirect discourse direct discourse debit credit unimportance. The multi-step income statement includes four measures of profitability.

In income statement other income is presented after the other gross profit. Income Statement 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. Gross operating pretax and after tax.

The income statement also called a profit and loss statement is a report made by company management that shows the revenue expenses and net income or loss for a period. Net income NI also called net earnings is calculated as sales minus cost of goods sold selling general and administrative expenses operating expenses depreciation. Financial statement commercial instrument commercial document account operating statement accounting profit-and-loss statement income statement account statement bank statement earnings report bill invoice.