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Archives for Accounting

Important Concepts Of The Income Statement You Must Know

This post will state and define all the fundamental concepts you should know before you pick an income statement, and which you must know to be able to make sense of it. Before we talk about the different heads of the income statement, it is necessary to know what period is the income statement for. This period will most likely be for one financial year. This will always be mentioned on top of the Income Statement.

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