Accounting / July 19, 2018 / Pearl Bailey
Like the unadjusted trial balance, the adjusted trial balance accounts are usually listed in order of their account number or in balance sheet order starting with the assets, liabilities, and equity accounts and ending with income and expense accounts.
The income statement is one of three financial statements that stock investors need to become familiar with (the other two are balance sheet and cash flow statement). Understanding an income statement is essential for investors in order to analyze the profitability and future growth of a company, which should play a huge role in deciding whether or not to invest in it.
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