Glossary: Income Statement
In tax and accounting terms, “income statement” refers to an accounting of a business’s revenue and expenses for a period of time. This is also often referred to as a “profit and loss” statement (“P and L” for short).
In tax and accounting terms, “income statement” refers to an accounting of a business’s revenue and expenses for a period of time. This is also often referred to as a “profit and loss” statement (“P and L” for short).