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Ontario Works Income Statement Form

Ontario Works Income Statement Form

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[Music] the income statement what is it and how do we prepare one like a pro the income statement is also known as the profit and loss also known as the how much money did I make statement it's the statement that I've referenced in previous videos talking about how to many business owners ask as their first and often time only question how much money did I make this is the statement that answers that question and that you know on the surface the statement it can be very simple right like I showed you in the right at profit minus expenses equals net income income the revenue the money that I've earned based on the services that I offer and/or the products that I sell right that's that's how I derive revenue take that and subtract the expenses that I had to incur in order to get that revenue produced right so I might need to rent an office I have rent expense so I need to spend money on rent in order to have an office so I can do whatever it is tha

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