Preparing an income statement

revenue

incoming money

Stockholders

people or entities that own stock in a corporation and therefore are its owners

purpose of an income statement

to show if your making money or not

how to set up work sheet list

1. revenue 2. sales 3. expenses 4. list all expense accounts 5. total expenses 6. net income

Income Statement

A financial statement showing the revenue and expenses for a fiscal period.

Stakeholders

All the people who stand to gain or lose by the policies and activities of a business and whose concerns the business needs to address.

components percentage

The percentage relationship between one financial statement item and the total that includes that item

1st line

business name

3rd line

for month ended date ,20--

2nd line

income statement