d.is for internal use only. is the answer
An income statement is one of a company's financial statements that shows the company's income and expenses over a particular period of time. This shows how revenue is converted into net income or net income.
The income statement is a report showing how much a company has made in a given period of time (usually a year or part of a year). The income statement also shows the costs and expenses associated with generating that income. Also known as an income statement (P & L), it is usually prepared quarterly or yearly.
It also shows whether the company is making a profit or losing money for a period of time. The income statement, along with the balance sheet and cash flow statement, helps you understand the financial position of your business.
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