Basic Accounting – The Income Statement


THE INCOME STATEMENT Financial accounting focuses on providing information about an organization and provides decision makers with an overview of the underlying financial transactions of the company being assessed. Accounting provides a good measure of transparency and accountability: the ability to see straight through the words and numbers and gain a clearer vision of the company and its operations. NOTE: For a better and complete view of this document in your browser,  please view on pdf Financial statements are prepared to ascertain the profit or loss status of a business,…

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