| Author: | IntroBooks | ISBN: | 9781370493982 |
| Publisher: | IntroBooks | Publication: | March 19, 2018 |
| Imprint: | Smashwords Edition | Language: | English |
| Author: | IntroBooks |
| ISBN: | 9781370493982 |
| Publisher: | IntroBooks |
| Publication: | March 19, 2018 |
| Imprint: | Smashwords Edition |
| Language: | English |
The income statement is the presentation of the various receipts and expenditure incurred by the proprietor or the business or the firm. It includes two sides, particularly credit and debit and for a simpler word one that is coming and the other that is going. It is focusing on the cash incoming and outgoing. The ultimate result of the statement is revenue deficit. The revenue is the profit or the excess of income over the expenditure.
The income statement is the presentation of the various receipts and expenditure incurred by the proprietor or the business or the firm. It includes two sides, particularly credit and debit and for a simpler word one that is coming and the other that is going. It is focusing on the cash incoming and outgoing. The ultimate result of the statement is revenue deficit. The revenue is the profit or the excess of income over the expenditure.
