Daffodil International University

Faculties and Departments => Accounting – The Language of Business => Business Administration => Business & Entrepreneurship => Financial Accounting => Topic started by: fahmidaemran on November 28, 2018, 01:45:54 PM

Title: Is Gain or Loss Reported in an Income Statement?
Post by: fahmidaemran on November 28, 2018, 01:45:54 PM

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.