What is the meaning of income statement?

income statement is a financial statement that contains a summary of a business' financial operations for a specific period of time. It shows the net profit or loss for the period by stating the company's revenues and expenses.

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APABarry Goldsmith. (2010). income statement. Retrieved September 25, 2026, from http://smartdefine.org/income_statement/definitions/1155881
ChicagoBarry Goldsmith. 2010. "income statement" http://smartdefine.org/income_statement/definitions/1155881 (accessed September 25, 2026).
HarvardBarry Goldsmith 2010, income statement, Smart Define, viewed 25 September, 2026, <http://smartdefine.org/income_statement/definitions/1155881>.
MLABarry Goldsmith. "income statement" 21 October 2010. Web. 25 September 2026. <http://smartdefine.org/income_statement/definitions/1155881>
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