Income Statement For 2 Years Example

Finalize the income statement.

Income statement for 2 years example. To finalize your income statement add a header to the report identifying it as an income statement. Single step income statement. Income statement 2 year with format the above screenshot was taken with the display option set to show printing lines for illustration purposes. As you can see this example income statement is a single step statement because it only lists expenses in one main category.

A two year comparative income statement shows revenue and expenses over the current and previous years how much revenue and expenses have increased or decreased and the percentage they have increased or decreased. Use this template to create a two year comparative income statement. Examples of service businesses are medical accounting or legal practices or a business that provides services such as plumbing cleaning consulting design etc. Enter the figure into the final line item of your income statement.

Here is an example of how to prepare an income statement from paul s adjusted trial balance in our earlier accounting cycle examples.