What is the difference between income and income statement???

Answers were Sorted based on User's Feedback



What is the difference between income and income statement???..

Answer / srinivas v

income is a gain occuring over a period of time by an entity and which is expressed in terms of money.
income statement is also known as profit and losss statement which shows all income and expenditures occured during the financial year.

Is This Answer Correct ?    8 Yes 0 No

What is the difference between income and income statement???..

Answer / suman

income is a gain occuring over a period of time by an entity
and which is expressed in terms of money.
income statement is also known as profit and losss statement
which shows all income and expenditures occured during the
financial year.

Is This Answer Correct ?    3 Yes 0 No

What is the difference between income and income statement???..

Answer / varun

Income is the to generate selling of goods income but income statement is the our company financial performance depends upon

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Accounting General Interview Questions

sir, i want t know, i got a cheque frm sindhu (that amount i gave her as rent advance, she is returning nw) bt the cheque has cancled and bank take cheque return charges so plz give this journal entries.

0 Answers  


We may get profit or loss from business. If so we can name the statement as Profit or Loss account. But since a long time we are naming it as Profit and Loss account. Why?

1 Answers  


Tell me how you can adjust entries into account?

0 Answers  


What is a Special Calendar and its types

0 Answers  


what is difference between bill and invoice

1 Answers  






When their is one pick point and four unloading places with in same district their is need to write four number of way biils

0 Answers  


Asset A/c is a ............... (a) Personal a/c (b) Real a/c (c) Expense a/c (d) Personal or Real a/c

4 Answers  


WHICH QUESTIONS ASKED IN EPFO IN 2009.

0 Answers  


WE have paid two month Advance salary on dated 03 June 2010. What will be journal entry inthe month of june for advance payment. And what will be journal entry in the month of july and August for salary adjustment.

5 Answers  


maximum bank permissable finance

3 Answers   Capital IQ,


what is depreciation

3 Answers  


Diff between Net profit & Gross profit?

12 Answers   HCL,


Categories