The format of the income statement and balance sheet
1) The format of the income statement. It is divided into two types:
(1) Report (Report Form) list is divided into three sections, one step at
a fraction of the revenue. The second is the cost. And the third is the net income or net loss
(2) an account (Account Form) is listed with a T in the English language is divided into two areas: on the left (debit) Record about the cost. right (credit) recorded on the income
statement preparation and accounting earnings report
1. The income statement reported
one. There are three separate header line is
the first line, write "Business name"
line, the two words "income"
line on three writing duration of the statements of income
2. Write the word "income" to the left and take account of income and other income of the Company by writing down the list. Slightly offset to the right hand And write the amount on the right, then the total revenue of all
three. Write the word "cost" to the left to match revenues. And take account of all costs incurred offset to the author. Right hand slightly With the right hand and then write the amount total cost of all
four. Find the difference between total revenue. And the total cost If total income is more than the total cost, the difference is net income if the total cost is more than the total income, the difference is a net loss.
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