Accounting / July 19, 2018 / Khloe Santiago
The good news is that you don’t have to be an accountant or a financial planner to negotiate in the world of business finance. Here are some business finance terms and definitions that will help you find your way to successful small business funding.
An income statement, the most common financial statement, shows a company's revenue and total expenses, including noncash accounting such as depreciation, traditionally over a period of one month. An income statement is used to determine the performance of a company, specifically how much money it made, how much money it paid out, and the resulting profit or loss from the revenue and expenses.
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