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Staement of Account  Form

Staement of Account Form

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Quick guide on how to complete staement of account

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Video instructions and help with filling out and completing Staement Of Account Form

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Instructions and help about Staement Of Account

okay class welcome back to accounting 230 uh we're now going to talk about the income statement uh before we talk specifically about the income statement I want to point out revenues minus expenses equal net income that's basically the income statement our revenues our our our sales you know those items that we go out and sell to make money for our business uh minus the expenses that we have equal our net income typical type of expenses would be salary expense rent expense supplies expense okay those are some very typical type of expenses that we would incur so our revenues minus those expenses give us our net income now the income statement is a formal financial statement the last video we went over was the balance sheet okay that's also a formal financial statement but the balance sheet remember shows assets equal liabilities plus Equity okay it shows us how we get those assets all right and it can be a comparative and classified balance sheet comparative mean

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