Income Statement
The income statement is an accounting statement known as the Statement of Earning or Operations or Profit and […]
Series: Income Statement
Net Sales
On the Income Statement, you will see Net Sales. How is that different from Sales? Below is the […]
Cost of Goods Sold
Cost of goods sold is part of the income statement. If we look at our beginning inventory on […]
Operating Expenses
On the Income Statement there are a few different types of expenses. There are selling expenses and administrative […]