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mzyatt12
Feb 7, 2010, 07:08 PM
BizKid company can you explain how to do an income statement

morgaine300
Feb 7, 2010, 08:09 PM
The gist of an income statement is revenues less expenses. The more you learn, the more they get split into sub-categories and sections. So there isn't any way someone can know the level or type of statement you need to do.

So here are just some examples, from simple to more complex:
Principles of Accounting Chapter 4 (http://www.principlesofaccounting.com/chapter%204.htm#PREPARING%20FINANCIAL%20STATEMENTS )
Principles of Accounting Chapter 5 (http://www.principlesofaccounting.com/chapter%205.htm#Income%20Statement%20Enhancements)
http://www.accountingcoach.com/online-accounting-course/04Xpg03.html#income-statement-single-step
http://www.accountingcoach.com/online-accounting-course/04Xpg04.html#income-statement-multiple-step