Income Statement
Provide a summary of the revenues, costs and expenses of an entity
during an accounting period.
• An Income Statement is generally used to calculate the Net Profit after
Tax (NPAT) of an entity.
• Also referred to as a ‘Statement of Financial Performance’ or a ‘Profit &
Loss Statement’.
Provide a summary of the revenues, costs and expenses of an entity
during an accounting period.
• An Income Statement is generally used to calculate the Net Profit after
Tax (NPAT) of an entity.
• Also referred to as a ‘Statement of Financial Performance’ or a ‘Profit &
Loss Statement’.
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