An income statement or profit and loss statement, one of the financial statements of a company which shows a company’s revenues and expenses during a period.
Income Statement Horizontal analysis is the technique of evaluating financial statements analysis to know the changes in the amounts of corresponding items over a period. Whereas in Vertical Analysis of an Income Statement, all the amount from all 3 major categories of accounts in an Income Statement, viz; Incomes, Expenses and Taxes represent the proportion […]
Income Statement Vertical analysis means the vertical evaluation of an Income Statement and other financial statements in terms of relative percentage change in line items. While performing Income Statement Vertical Analysis, all the amount from all 3 major categories of accounts in an Income Statement, viz; Incomes, Expenses and Taxes are represented as the proportion […]