Crash Course Income Statement

Business & Finance, Accounting, Bookkeeping
Cover of the book Crash Course Income Statement by IntroBooks, IntroBooks
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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.

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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.

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