An income statement is a fiscal statement which is prepared to measure a company’s performance for an exact period of time. This statement addresses financial position of a business by providing a synopsis of all its revenues and expenses. All revenues are added up and then sum of all expenses is subtracted from all revenues to compute profits. Here we present an income statement template for your support. This income state template will furnish you an idea how you can draft an income statement to understand financial performance of your business. This income statement template is created in MS Word. All its contents are editable. Here is a preview of this income statement template.
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