What is an income statement?

An income statement is a part of financial statement of a company which emphasizes on showcasing the profit or loss of the company over a period of time. The other popular name to prepare income statement of a company is Profit and Loss Account or better known as Statement of Profit and Loss as per the Revised Schedule VI of the Companies Act, 2013.

To read more visit : https://www.elearnmarkets.com/blog/how-to-prepare-income-statement/