comp., MS |
income statement (A report that summarizes a company's costs, expenses, and revenues for a specific accounting period); profit and loss account (A revenue or expense account whose balance will be transferred to a retained earnings account at the end of a fiscal year. Balances in profit and loss accounts determine the net income or net loss for the year); statement of income (A report that summarizes a company's costs, expenses, and revenues for a specific accounting period); statement of earnings (A report that summarizes a company's costs, expenses, and revenues for a specific accounting period) |