Other Names For Revenue On Income Statement

Revenue cost of goods sold stock gain or stock loss or other revenue adjusted gross profit other expenses net profit gross profit income statement for the month ended 30 june 2015 revenue cash sales 15000 credit sales 7000 22000 less cost of goods sold cost of sales 13000 cartage inwards 1000 14000 gross profit 8000 less stock loss.

Other names for revenue on income statement. Revenue and other income are segregated. The main observations would be the following. For example during the year the company make revenue usd500 000 cost of sales usd300 000 and other income usd5 000 then the extract p l of the company is as following. In income statement other income is presented after the other gross profit.

Synonyms for income statement in free thesaurus. Other income 1 000. Cogd 300 000 gross profit 200 000. Sometimes an income statement is a profit and loss statement.

Antonyms for income statement. List of revenue accounts. Sales revenue from selling goods to customers. Other account titles may be used depending on the industry of the business such as professional fees for professional practice and tuition fees for schools.

Synonyms for income statement include earnings statement operating statement profit and loss account profit and loss statement revenue statement statement of financial performance statement of profit or loss and statement of operations. Revenue arises from sale of goods and sale of services and return for the use of entity s resource by others in the form of royalty dividend and interest are presented as other income. Click the financial or income statement option on the company web page usually located on the left hand menu. It is the principal revenue account of merchandising and manufacturing companies.

Within financial statements names for some items vary from one company to another. Look for the revenue listing usually located near the top of the page. 3 synonyms for income statement.