Income Statement Look Like

It shows your revenue minus your expenses and losses.

Income statement look like. This is a simple equation that shows the profitability of a company. The p l formula is revenues expenses net income. Also sometimes called a net income statement or a statement of earnings the income statement is one of the three most important financial statements in financial. It is labeled net income above but it also goes by names like surplus the bottom line or maybe contribution to savings.

If revenue is lower than expenses the company is unprofitable. The income statement also known as the profit and loss p l statement is the financial statement that depicts the revenues expenses and net income generated by an organization over a specific. The income statement is one of a company s core financial statements that shows their profit and loss profit and loss statement p l a profit and loss statement p l or income statement or statement of operations is a financial report that provides a summary of a over a period of time. The profit or loss is determined by taking all revenues and subtracting all expenses from both operating and non operating activities.

If revenue is higher than expenses the company is profitable.