Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Suivre

The purpose of the income statement?

The purpose of the income statement is to present information about the revenues, expenses, and the net income of the entity for a specified period of time False or true?

user-image
Question ajoutée par Rashad Moursi , Finance Director & Business Development, International Business Transformer Owners Repr. - Hotels , Investment and financial
Date de publication: 2014/07/10
Dianne Jennifer Caulo
par Dianne Jennifer Caulo , Finance Manager , HSEW Technical Servise LLC

True. An Income Statement presents the results of business operations for a given period. It presents a summary of the revenues, gains, expenses,losses, and the company's net income or net loss for the period. 

Sara Naeem
par Sara Naeem , Trainee Finance officer , Wah Brass Mill

100% True

Khaled Abdelrehim ACCA DipIFR CMA
par Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

True

khalid Hassanien
par khalid Hassanien , Financial Manger , Alrwania Ltd

True , Income statement  Shows the results of the entity's operations and financial activities for the reporting period.

Divyesh Patel
par Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

Its TRUE.

georgei assi
par georgei assi , مدير حسابات , المجموعة السورية

True

I With The Answer Ms Dianne

fazrul pauzi
par fazrul pauzi , Team Leader , Malaysian Building Society Berhad

True. You have black and white.

Yahya Bah
par Yahya Bah , Principal & Marketing Consultant , International Community

True. It is a statement of financial activities of an organisation that summarizes the respective income and expenditures.

Ahmed kandil
par Ahmed kandil , Cost Controller , Battour Holding Cpompany

The answer is true thank you

Muhammad Sajjad
par Muhammad Sajjad , Chief Accountant , Hassan Kabbani Est. for Gen. Const. of Buildings (IKK Group of Companies)

100 % True (no doubt) >.....

khaled Ibrahim Sayed Abd El Salam Ibrahim
par khaled Ibrahim Sayed Abd El Salam Ibrahim , Chief Accountant , -ElMehy engineering company

Agree with all the above and no accountant can say other that even he / she is still study and not work yet as we all take that defination in our faculty , but i want to add more comment by we get form income statement (( The Gain or Loss of the company )) and its also called P & L , finally its the matter of not making Income Statement but its matter of knowing the know how of analysis the items in it and know when you look in it the extra value for any number or where is the Booming in any of its item.

More Questions Like This