What Are the Best Tips for Preparing an Income Statement?

There are two types of income statement structure: a single-step income statement. Refers to adding up all income for the current period, and then adding all expenses and expenses together or offsetting them, and calculating profit and loss at one time. According to the general principle of the income and expenditure ratio, the "profit and loss" of an enterprise is the balance between the various incomes of the enterprise (including direct income and indirect income) and various expenses (including direct and indirect expenses). Otherwise, it is the actual loss. The single-step profit and loss statement is based on this general principle. ^[1]