An income statement is a financial statement is prepared to measure a company’s performance for a specific period of time say annually or semi-annually. This statement accesses financial position of a business by giving a summary of all its revenues and expenses. All revenues are added up and then sum of all expenses is subtracted from all revenues to calculate income. Here we present an income statement template for your kind assistance. This income state template will give you an idea how you can draft an income statement to access financial performance of your business. This income statement template has been created in MS Word 2007. All its contents are editable. Here is a preview of this income statement template.
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