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Introduction to the Income Statement

Level:
A-Level
Board:
AQA, Edexcel, Eduqas, IB, OCR, WJEC

Last updated 22 Mar 2021

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The income statement is the financial account that explains the trading performance of a business in terms of the achieved profit or loss. The basic structure of an income statement is explained and illustrated in this short revision video.

Introduction to the Income Statement
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