Difference between revisions of "Income statement"
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==Definitions== | ==Definitions== | ||
According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| − | :[[Income statement]]. | + | :[[Income statement]]. An accounting statement that details the performance of an [[organization]] ([[Fiscal Revenue|revenue]] minus [[expenses]]) for a specific period of time. |
==Related concepts== | ==Related concepts== | ||
Revision as of 15:02, 15 December 2018
Income statement is a financial report that details the performance of an organization stating its Fiscal Revenue minus Expenses for a specific period of time.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Income statement. An accounting statement that details the performance of an organization (revenue minus expenses) for a specific period of time.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
