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Peyton Grimes
8 June, 13:50
The income statement contains
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Pierre Boone
8 June, 14:02
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The companies revenues
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Lester
8 June, 14:30
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Revenues and Expenses
Explanation:
In an organization, there are three most important statements that are generated on periodic basis. One is Balance Sheet, second is Income Statement and the third one is Cash flow statement.
Income statement contains the information of Revenues and expenses of the organization occurred during a specific period of time. It also shows how revenues are converted to net profits of the organization.
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