"IntroÂducÂtion to FinanÂcial StateÂments - Income StateÂment Analysis."The Kaplan Group. N.p., n.d. Web. 15 May 2014. <http://www.kaplancollectionagency.com/financial-statement-analysis/income-statement-analysis/>.
Thursday, May 15, 2014
Communicating Accounting Chapter 19
The income statement is used to show the amount of income made for a certain month, the statement of retained earnings is used to show the amount of money held by the company after all the deductions are made, balance sheet is used to make sure all the account amounts are balanced the way they should be, and statement of cash flow is used to show the amount of money the business is making over all. If one of these statements is wrong or off, it affects all the rest of the statements, because they all go together.
"IntroÂducÂtion to FinanÂcial StateÂments - Income StateÂment Analysis."The Kaplan Group. N.p., n.d. Web. 15 May 2014. <http://www.kaplancollectionagency.com/financial-statement-analysis/income-statement-analysis/>.
"IntroÂducÂtion to FinanÂcial StateÂments - Income StateÂment Analysis."The Kaplan Group. N.p., n.d. Web. 15 May 2014. <http://www.kaplancollectionagency.com/financial-statement-analysis/income-statement-analysis/>.
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