Income Statement
An income statement is a report that shows a company's performance or ability to generate profits or profits for a certain period, consisting of elements of revenue and expenses. Revenue is income earned through the delivery of goods or services to buyers whose costs are measured by assets received in exchange for goods or services delivered during a certain period.
Basically there are two income, namely
1. Operating income, i.e. income from the main activities of the company
2. Non-operational income is revenue that is obtained from outside the principal business which is incidental in nature
While expenses are all the sacrifices that occur are shown to obtain income for a certain period. Load can be divided into two, namely
1. Operational expenses, which are expenses that are shown in the context of operating income
2. Non-operational expenses are expenses incurred that are not directly related to the main activities of the company
The following is an example of an income statement format
INCOME STATEMENT
COMPANY: …………….
Net sales of Rp. Xxxx
Cost of goods sold Rp. Xxxx +
Gross profit of Rp. Xxxx
Sales and administration fee Rp. Xxxx -
Operating profit of Rp. Xxxx
Revenue is not from the business of Rp. Xxxx
Expenditures not for business Rp. Xxxx -
Total net receipts are not from businesses Rp
Net profit before tax minus Rp. Xxxx
5% income tax Rp. Xxxx
Net profit after tax Rp. Xxxx
INCOME - COST = NET INCOME or LOSS
1. Income
Corporate income can be obtained from total sales to buyers during the period
2. Costs
Costs represent a decrease or change in economic benefits arising in the implementation of company activities during a certain period. Here are the types of costs
a. The cost of producing goods for sale or referred to as cost of goods sold
b. Sales and administrative costs such as advertising costs, sales commissions, office salaries, rent, and so forth
c. In addition to these costs, there are still other expenses that will reduce operating income, namely loss of sales of fixed assets and income tax
3. Net profit
The following is an example of an income statement format
INCOME STATEMENT
FOR THE ENDING PERIOD
Service revenue of Rp. Xxxx
Load:
Expense …………… .. Rp. Xxxx
Loads …………… .. Rp. Xxxx +
(Rp. Xxxx)
Profit or Loss Rp. Xxxx
Information :
The company is said to profit if the income is more than the expense, while the company is said to lose if the income is smaller than the expense.
0 Response to "Income Statement"
Post a Comment