Question
Explain the purpose and the importance of the income statement, and prepare the income statement for ABC company based on the following information taken from
Explain the purpose and the importance of the income statement, and prepare the income statement for ABC company based on the following information taken from the trial balance in 2020
| Consulting revenue |
| SAR50,000 |
| Rental revenue |
| 20,000 |
| Supplies expense | 5,000 |
|
| Rent expense | 30,000 |
|
| Wages expense | 15,000 |
|
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Finance For Non-Finance People
Authors: Sandeep Goel
2nd Edition
0367185083, 9780367185084
