The income statement: Money coming in and going out

The income statement: Money coming in and going out  income statement  Also known as profit and loss statements, income statements summarize all income and expenses over a given period, including the  income statement  Components: The income statement includes the company's revenues and expenses, while the balance sheet shows assets, liabilities, and equity

income statement INCOME : DETAILS BY DEPARTMENTS : DEPARTMENT OF PEDIATRICS INCOME : Hospital's Appropriation for the year 1917-1918 Fees FINANCIAL STATEMENT 49  Income statement An income statement is a financial report that shows how much your business has spent and earned over a specified time It also

An income statement lists your revenues and expenses, and tells you the profit or loss of your business for a given period of time  An income statement shows a company's revenues, expenses and profitability over a period of time It is also sometimes called a profit-and-loss statement