Posted by kneon on Monday, April 13, 2009 at 9:34pm.
Yes that is correct, it is the categorie statement, what is utility, water, electricity, etc. and it goes it to your expense. Income statement tells you your salary minus your expense which includes the utilities expense The Income Statement shows your Revenues, Expenses, and Profit for a particular period which shows whether or not your business is profitable at that point in time; Revenue - Expenses = Profit/Loss
Related Questions
accounting - 1)utilities expense, 2)accounts payable, 3)commissions,4)capital, 5...
accounting - utilities in the catergorie owner equity i think. if not is it ...
accounting - what catergorie does this fit in. utilities: does is fit in income ...
accounting - what catergorie does this fit in. utilities: does is fit in income ...
accounting - capital is balance sheet i think. but if iam wrong what catergorie ...
accounting - capital is balance sheet i think. but if iam wrong what catergorie ...
accounting - what catergorie does accounts payable belong to? income statement ...
accounting - what catergorie does accounts payable belong to? income statement ...
math - does withdrawls fall in the catergorie income statement.if not plese ...
accounting - what catorgorie does commissions fall in: A)income statement B)...
For Further Reading
