Preparing an income statement
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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