How to Read & Understand an Income Statement

income statement  Unlike a balance sheet, which records assets, liabilities and equities, an income statement focuses on revenue, gains, expenses and losses This pinpoints your An income statement, also known as a profit and loss statement , is a financial document that provides a summary of a company's revenues, expenses,

The income statement starts with a company's revenue and ends with its net profit after subtracting operating and non-operating expenses, such Unlike a balance sheet, which records assets, liabilities and equities, an income statement focuses on revenue, gains, expenses and losses This pinpoints your

Learn about what goes on an income statement and its format, including how to prepare, what Helps you understand revenue Income statements include revenue as well as expenses These include costs of goods sold, operating expenses, and