Faculties and Departments > Financial Accounting

Is Gain or Loss Reported in an Income Statement?

(1/1)

fahmidaemran:
Is Gain or Loss Reported in an Income Statement?
Financial managers report a gain or loss in an income statement, similar to a revenue item or operating expense. An income statement also goes by the names "statement of profit and loss," "report on income" and "P&L." In addition to revenues and expenses, other financial accounts include assets, liabilities and equity items.

Navigation

[0] Message Index