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2. Income statement - Wikipedia

   en.wikipedia.org/wiki/Income_statement

   Sankey Diagram - Income Statement (by Adrián Chiogna) An income statement or profit and loss account [1] (also referred to as a profit and loss statement (P&L), statement of profit or loss, revenue statement, statement of financial performance, earnings statement, statement of earnings, operating statement, or statement of operations) [2] is one of the financial statements of a company and ...

3. Final accounts - Wikipedia

   en.wikipedia.org/wiki/Final_accounts

   This sheet is prepared to demonstrate the difference between the selling price and the cost price. The trading account is prepared to show the trading results of the business such as gross profit earned or gross loss sustained by the business. According to J. R. Batlibboi, "The Trading Account shows the result of buying and selling goods.

4. Financial accounting - Wikipedia

   en.wikipedia.org/wiki/Financial_accounting

   Financial accounting aims at presenting 'true and fair' view of transactions, profit and loss for a period and Statement of financial position (Balance Sheet) on a given date. It aims at computing 'true and fair' view of the cost of production/services offered by the firm. [11]

5. Financial statement - Wikipedia

   en.wikipedia.org/wiki/Financial_statement

   "The objective of financial statements is to provide information about the financial position, performance and changes in financial position of an enterprise that is useful to a wide range of users in making economic decisions."

6. Chart of accounts - Wikipedia

   en.wikipedia.org/wiki/Chart_of_accounts

   A chart of accounts compatible with IFRS and US GAAP includes balance sheet (assets, liabilities and equity) and the profit and loss (revenue, expenses, gains and losses) classifications. If used by a consolidated or combined entity, it also includes separate classifications for intercompany transactions and balances.

7. Partnership accounting - Wikipedia

   en.wikipedia.org/wiki/Partnership_accounting

   The purpose of Schedule M-1 is reconciliation of income (loss) per accounting books with income (loss) per return of the partnership. In other words, it means reconciliation of accounting income with taxable income, because not all accounting income is taxable. Schedule M-1 starts with net income (loss) per books.