Income statement

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.

Related concepts

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

Related coursework

• Bookkeeping Quarter.