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Below this section and before the profit and loss section are the expenses.
Revenue accounts on income statement. The top section of the income statement includes sales cost of goods sold and gross margin. Although a company s bottom. At the top of every income statement on financial reports is the revenue the company brings in. Contains revenue from the sale of products and services.
Sales revenue from selling goods to customers. These terms refer to the value of a company s sales of goods and services to its customers. It is shown in the income statement as a deduction to sales. A larger organization may have hundreds or even thousands of income statement accounts in order to track the revenues and expenses associated with its various product lines departments and divisions.
This revenue is offset by any costs directly related to it. The income statement accounts most commonly used are as follows.
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