Balance Sheet Income Statement | Accounting Income Statement

Balance Sheet Income Statement

Balance Sheet Income Statement | Accounting

A summary statement of the results of an organization's economic activities for an accounting period. Typically the statement shows the revenues, expenses, and income (the difference between revenues and expenses) of an organization over a standard time period, such as a month, a quarter, or a fiscal year. Also known as the P&L, profit/loss statement, or statement of earnings.

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