What is an Income Statement? Definition

What Is an Income Statement? income statement An income statement shows · Sales revenue - the amount of money received for selling goods or services · Gross profit ขอ statement Adding in any income from other sources, such as interest or sales of assets, brings us to a frequently cited number, EBIT, or earnings before interest and

ขอstatement The income statement is critical to understanding a company's financial health Here's the step-by-step process of preparing an income