VIEWS: 0 PAGES: 2 CATEGORY: Accounting POSTED ON: 11/15/2012
An income statement (sometimes called a profit and loss statement) lists revenues and expenses, and tells you the profit or loss of your business for a given period of time.
(Company Name) Income Statement For the Year Ended (date) Revenue: Gross Sales $0 Less: Sales Returns and Allowances $0 Net Sales $0 Cost of Goods Sold: Beginning Inventory $0 Add: Purchases $0 Freight-in $0 Direct Labor $0 Indirect Expenses $0 $0 Less: Ending Inventory $0 Cost of Goods Sold $0 Gross Profit (Loss) $0 Expenses: Advertising $0 Amortization $0 Bad Debts $0 Bank Charges $0 Charitable Contributions $0 Commissions $0 Contract Labor $0 Credit Card Fees $0 Delivery Expenses $0 Depre
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