What is an Income Statement? - Definition | Meaning | Example
Definition: The income statement also called a profit and loss statement is a report made by company management that shows the revenue, expenses, and net income or loss for a period. The income statement is one of the main four financial statements that are issued by companies: balance sheet, income statement, statement of owner’s equity, and statement of cash flows.
DA: 82 PA: 4 MOZ Rank: 56