An income statement or profit and loss account (also referred to as a profit and loss statement (P&L), statement of profit or loss, revenue statement, statement of financial performance, earnings statement, statement of earnings, operating statement, or statement of operations) is one of the financial statements of a company and shows the company's revenues and expenses during a particular period.It indicates how the revenues (also known as the “top line”) are transformed into the net income or net profit (the result after all revenues and expenses have been accounted for). The purpose of the income statement is to show managers and investors whether the company made money (profit) or lost money (loss) during the period being reported.
An income statement represents a period of time (as does the cash flow statement). This contrasts with the balance sheet, which represents a single moment in time.
Charitable organizations that are required to publish financial statements do not produce an income statement. Instead, they produce a similar statement that reflects funding sources compared against program expenses, administrative costs, and other operating commitments. This statement is commonly referred to as the statement of activities. Revenues and expenses are further categorized in the statement of activities by the donor restrictions on the funds received and expended.
Income statement is useless.
The income statement can be prepared in one of two methods. The Single Step income statement totals revenues and subtracts expenses to find the bottom line. The Multi-Step income statement takes several steps to find the bottom line: starting with the gross profit, then calculating operating expenses. Then when deducted from the gross profit, yields income from operations.
Adding to income from operations is the difference of other revenues and other expenses. When combined with income from operations, this yields income before taxes. The final step is to deduct taxes, which finally produces the net income for the period measured.
Katika taarifa ya pamoja na Pakistan nchi hizo mbili zilitoa taarifa ya pamoja baada ya mkutano kati ya Mrithi wa Saudi Arabia Mohammed bin Salman Al Saud na Waziri Mkuu wa Pakistan Shehbaz Sharif.
RIYADH:
Saudi Arabia inaonekana kuunga mkono msimamo wa India kuhusu Jammu na Kashmir katika...
Jamani nataka kuwalipa Loan Board deni Lao sasa ninashida na loan statement ili niweze kupata control number ya kuwalipa.
Kwahiyo kwa anayewe kunisaidia namna ya kuipata anisaidie
NATANGULIZA SHUKURANI
The Tanzania Digital Rights Coalition, a united front of organizations committed to upholding and promoting digital rights, unequivocally condemns the recent statement issued on Friday, 13 October 2023 by the Tanzanian Communication Regulatory Authority (TCRA) restricting the use of Virtual...
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ACT Wazalendo’ Government Oversight Committee (Shadow Cabinet) express our concerns on escalating tensions between Israel and Palestine that has had devastating effects on the lives of people in the region for the past 75 years.
We reiterate the AU statement recalling that denial of the...
Taarifa kwa Umma
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Najitokeza kwenu ili niweze kupata msaada wa kupata bank statement kwa ajili ya kuombea visa ili niende shule USA.
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ACT WAZALENDO’S STATEMENT ON THE SITUATION IN SUDAN.
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"Wale...
BRIGHT AND GENIUS EDITORS
Karibu Bright and Genius Editors tunatoa huduma zifuatazo:
1. Huduma ya kuhariri (kuedit) ripoti mbalimbali, propozo, vitabu, notes na barua mbalimbali.
2. Kuandika barua za kujitoa kwenye mifumo ya vyuo (Deregistration letters)
3. Kuandika barua za kuomba kazi.
4...
Hutokufa (nani alisema Rais atakufa? Je alishatishiwa na sasa anahakikishiwa kuwa asiwe na shaka hatokufa?)
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Kauli hii si ndogo ni kauli ambayo anafikisha ujumbe kwa watu flani. Kuwa kuna watu au...
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Rais anaongelea matiti tena ya wanawake wenzake?
This is beyond shameful, beyond embarrassing, and downright beyond the pale. Cringeworthy.
I’m at a loss for words!
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