Difference between revisions of "Income statement"

Revision as of 00:43, 18 December 2018

Income statement (alternatively known as profit and loss report; hereinafter, the Report) is the financial report that details the performance of an organization stating its Fiscal Revenue minus Expenses for a specific period of time.

Income statement. An accounting statement that details the performance of an organization (revenue minus expenses) for a specific period of time.

Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.

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−	[[Income statement]] (alternatively known as [[or profit and loss report]]; hereinafter, the ''Report'') is the [[financial report]] that details the performance of an [[organization]] stating its [[Fiscal Revenue]] minus [[Expenses]] for a specific period of time.	+	[[Income statement]] (alternatively known as [[profit and loss report]]; hereinafter, the ''Report'') is the [[financial report]] that details the performance of an [[organization]] stating its [[Fiscal Revenue]] minus [[Expenses]] for a specific period of time.