Income Statement

Definition of ‘Income Statement’

One of the main accounting statements setting out the excess of revenue over expenses otherwise known as net income, for an accounting period.

Financial Projections Template Income Statement Definition

The income statement in the financial projections template, is the first statement shown and sets out the difference between the revenue and all the expenses for a year for each of the five years. The final line of the income statement is the net income for the year.

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