Ask Experts Questions for FREE Help !
Ask
    mzyatt12's Avatar
    mzyatt12 Posts: 1, Reputation: 1
    New Member
     
    #1

    Feb 7, 2010, 07:08 PM
    Computing merchandising operation
    BizKid company can you explain how to do an income statement
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
     
    #2

    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
    Principles of Accounting Chapter 5
    http://www.accountingcoach.com/onlin...nt-single-step
    http://www.accountingcoach.com/onlin...-multiple-step

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Computing merchandising [ 1 Answers ]

Required 1. Compute the company’s net sales for the year. 2. Compute the company’s total cost of merchandise purchased for the year. 3. Prepare a multiple-step income statement that includes separate categories for selling expenses And for general and administrative expenses. 4. Prepare a...

Merchandising and manufacturing [ 1 Answers ]

To which of the following stakeholders is management responsible for providing quality products for a reasonable price? a) employees b) owners c) customers d) creditors


View more questions Search