how to make an financial statement

 

Here, i would like to tell you about “how to make an Financial statement”  actually for  prepared “income statement reports”. An”income statement” presents the revenues and expense . and  finally resulting net income or net loss for a spesific period of time.

Before you prepared your income statement  report , you should finishising 3 step :

Step 1. Identified every transactions

Step 2. Recorded every transactions

Step 3. Summarized every transactions

On the income statement , revenue are listed first and followed by expenses.

 here  i would like to describes the income statement:

And this is example an income statement:

SOFTBYTE COMPANY

INCOME STATEMENT

FOR THE MONTH ENDED SEPTEMBER 30, 2013

  

            REVENUE

                        Service revenue                                                                      $ 4000

            EXPENSE

                        Salaries expense                     $  200

                        Rent expense                          $  100

                        Adv expense                            $  300

                                    Total expense                                                              $   600

            NET INCOME                                                                                       $ 3400

 

 

 

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