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Income statement details

Sales Cost of goods sold Operating expenses Non-operating income/ expenses

Posted byBehindNumbers2019-03-302019-03-30Posted inUncategorizedLeave a comment on Income statement details

Financial statement basics

Income statement Shows the profit or loss in the period, starting with sales (revenue), and deducting costs, with interim subtotals for operating profits. Ends with net income from continuing operations. Balance sheet Shows assets and liabilities at the end of the period. Assets have to be reasonably certain they will be realised to be recognised. […]

Posted byBehindNumbers2019-03-302019-04-09Posted inUncategorizedLeave a comment on Financial statement basics
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