Heartwarming Other Name For Income Statement
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On a basic level the report reflects total revenue and other income along with expenses and losses.
Other name for income statement. 34 rows Earnings Statement Statement of Operations Profit-and-Loss Statement. It is prepared by following the applicable accounting standards such as US GAAP IFRS or Local GAAP. Sometimes an income statement is a profit and loss statement.
The single-step income statement includes subtotals only for revenues and for all expenses. Heres a list of similar words from our thesaurus that you can use instead. For example during the year the company make revenue USD500000 cost of sales USD300000 and other income USD5000 then the extract PL of the company is as following.
In addition IFRS notes that additional line items headings and subtotals shall bepresented on the face of the income statement when such presentation is relevant toan understanding of the companys financial performance. Ad Find Income Statement Form. The income statement provides a net.
The income statement is commonly referred to as a profit and loss statement or P L A companys income statement is a record of revenue and expense over a period of time. It also shows whether a company is making profit or loss for a given period. Other names of the income statement are.
Intermediate Components of the Income Statement. Other income 1000. Antonyms for income statement.
Other names for revenue on income statement. The income statement along with balance sheet and cash flow statement helps you understand the financial health of your business. We can interpret the new name of this statement simply as it is provided.
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