Steps to make a profit and loss statement.The income statement is a financial statement that shows the performance of the business during which time one time 2.1. a single-step income statement.2. a multiple-step income statement.Note: this presentation will offer a single-step income statement.The income statement is a single layer shows income and expenses, and then bring all income less expenses all at once. Expressed as the net gains or losses on the last line. The advantage of this method is simple, but perhaps we might want to see the ability to make a profit of some other acts in addition to net income alone.
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