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M6 L1 Continues 5 Elements of an Income Statement

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INCOME STATEMENT Also known as the P & L statement is the only financial statement that enables a business to look at its PROFIT over a period of time.
5 Elements of Income ,[object Object],[object Object],[object Object]
ELEMENTS OF INCOME ,[object Object],[object Object]
Cost of Goods Sold ,[object Object],[object Object],[object Object],[object Object],[object Object]
3. GROSS PROFIT ,[object Object],[object Object]
4. OPERATING EXPENSES ,[object Object],[object Object],[object Object]
5. NET INCOME ,[object Object],[object Object]

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M6 L1 Continues 5 Elements of an Income Statement

  • 1. INCOME STATEMENT Also known as the P & L statement is the only financial statement that enables a business to look at its PROFIT over a period of time.
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