devakiram

 Profile Answers by devakiram Questions by devakiram

• Dec 5th, 2007

 

All the expenses, incomes and COGS are in the income statement.

Rekha yadav

 Profile Answers by Rekha yadav 

• Dec 18th, 2007

 

Income Statement or                                                         Balance Sheet statement
Profit & Loss statemet                                    
 
Debit                                                                 It records all Assets,  Liabilties, Capital
1. All Expenses                                                  
2. Office Expenses
3. Administrative Expenses
4. Selling & Distribution Expenses
Credit
All income & gains
Sales
Commission received
Rent received etc.

kanr707

 Profile Answers by kanr707 Questions by kanr707

• Jan 15th, 2008

 

Dear Rekha...

I want to correct something if you do not mind,

About the items which you mentio it in the income statement, It does not Include capital.

Capital is included in the balance sheet.

bart simpson

 Profile Answers by bart simpson 

• Jul 15th, 2008

 

examples of a income statement and balance sheet