Income Statement

An income statement is a financial statement prepared by a Council (or other organisation) that shows its revenue and expenses over a period of time, typically a financial year.

Income statements were previously known as Profit & Loss Statements and are still sometimes referred to as the "P & L".


The following site members have contributed to this page:

External Links & References

  1. Wikipedia
  2. Google Search
Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License