11/28/22
“Financial statements”
Income Statement Should include profit/loss over a period of time. Lines (accounts) are closed at end of each period with profit or loss applied to Retained Earnings on Balance Sheet.
Credit: accountingcoach.com 5
© 2022 Casino Cryptology, LLC all rights reserved
“Financial statements”
Owner’s Equity Connector between Balance Sheet and Income Statement that details owner/shareholder interests. Also referred to as retained earnings.
Credit: accountingcoach.com 6
© 2022 Casino Cryptology, LLC all rights reserved
3
Made with FlippingBook - Online catalogs