What Is Contribution Income Statement?

The comparative profit and loss account is a profit and loss statement provided for comparison analysis in addition to the gold of each profit and loss item in the current accounting period, as well as the amount of each item in the relevant accounting period. In comparing profit and loss statements, the amount of each item in this period's income statement is usually compared with the amount of each item in the previous (or base period) income statement, and the amount and percentage of its increase and decrease are calculated separately. Sometimes, the company also compares the amount of each profit and loss item in the current period with the previous period, and the amount of each profit and loss item in the previous period with the previous period, and then compares the results of these two comparisons. Prepare a comparative income statement to make it easier for people to understand the changes in the amount of each item in the statement. At present, many countries use the form of comparative income statement to analyze the profit and loss of enterprises. ^[1]