Income statement - National 5 Business management Revision

The income statement shows how much of a profit your business made — or that you assume you will make if it's a projection — during a specific

2 Create a trial balance report A balance report details your end balance for each account that will be listed on the income statement This

ขอ statement What They're Used For: A balance sheet is most often used by a company to see if it has enough assets to satisfy its financial obligations An income statement

ขอstatement It is a residual return to the unpaid labor and management and owner equity Net Farm Income equals Net Farm Income from Operations plusminus Gains