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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. Expense account - Wikipedia

    en.wikipedia.org/wiki/Expense_account

    An expense account is the right to reimbursement of money spent by employees for work-related purposes. [1] Some common expense accounts are Cost of sales, utilities expense, discount allowed, cleaning expense, depreciation expense, delivery expense, income tax expense, insurance expense, interest expense, advertising expense, promotion expense, repairs expense, maintenance expense, rent ...

  4. General ledger - Wikipedia

    en.wikipedia.org/wiki/General_ledger

    A ledger account is created for each account in the chart of accounts for an organization and is classified into account categories, such as income, expense, assets, liabilities, and equity; the collection of all these accounts is known as the general ledger.

  5. Expense - Wikipedia

    en.wikipedia.org/wiki/Expense

    In double-entry bookkeeping, expenses are recorded as a debit to an expense account (an income statement account) and a credit to either an asset account or a liability account, which are balance sheet accounts. An expense decreases assets or increases liabilities. Typical business expenses include salaries, utilities, depreciation of capital ...

  6. How to Create a Financial Projection in Excel - AOL

    www.aol.com/finance/create-financial-projection...

    Income statements. Operating expenses. Cash flow statements. Break-even analysis. ... Scenario analysis can help you account for different factors that could impact your company’s cash flow.

  7. Debits and credits - Wikipedia

    en.wikipedia.org/wiki/Debits_and_credits

    This account, in general, reflects the cumulative profit (retained earnings) or loss (retained deficit) of the company. The Profit and Loss Statement is an expansion of the Retained Earnings Account. It breaks-out all the Income and expense accounts that were summarized in Retained Earnings.

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