The statement indicating the profit or loss of a business during its accounting period. Otherwise known as a profit and loss statement. Simply put it is Revenue – Costs = Profit (or loss).
Income Statement – Definition
169 views. Posted by Franchisee on March 8th, 2009
Posted in Definitions 
Tags: accounting, income statement, profit and loss, profit and loss statement, revenue costsYou can skip to the end and leave a response. Pinging is currently not allowed.