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DOWNLOAD THE INCOME STATEMENT TEMPLATE

You know you can prepare your income statement in just a click. In ADโ€™s income statement template, you just have to put your figures and you will get your income statement in a minute.

Current ratio featured image

The current ratio of a company identifies the ability of a company to pay its short-term financial obligations.

how to prepare an income statement

Preparing an income statement requires 8 steps: Calculate Net Sales, Calculate COGS, Calculate Gross Profit, Calculate Operating Expenses, Calculate Operating Income, Calculate EBIT, Calculate EBT and Calculate Net Income.

Online accounting degrees

There are many international universities offering online accounting degrees. Such as University of Canada West, International University of Applied Sciences, and SOAS University of London.

Best accounting software

Best Accounting Software for small businesses: FreshBooks, QuickBooks, Zoho books, Sage Business Cloud Accounting, Xero, and AccountEdge Pro.

Accounting degrees

Studying any of accounting degrees opens many doors for you to the best future. As you have a huge range of different interconnected careers.

account receivable turnover ratio formula
๐ˆ๐ฌ ๐€๐œ๐œ๐จ๐ฎ๐ง๐ญ ๐‘๐ž๐œ๐ž๐ข๐ฏ๐š๐›๐ฅ๐ž ๐š๐ง ๐€๐ฌ๐ฌ๐ž๐ญ ๐Ž๐ซ ๐€ ๐‹๐ข๐š๐›๐ข๐ฅ๐ข๐ญ๐ฒ?
๐—”๐—ฐ๐—ฐ๐—ฟ๐˜‚๐—ฒ๐—ฑ ๐—ฅ๐—ฒ๐˜ƒ๐—ฒ๐—ป๐˜‚๐—ฒ: is it an actual revenue?
Unearned revenue: When it become earned?

๐”๐ง๐ž๐š๐ซ๐ง๐ž๐ ๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž: ๐–๐ก๐ž๐ง ๐ˆ๐ญ ๐๐ž๐œ๐จ๐ฆ๐ž ๐„๐š๐ซ๐ง๐ž๐? The questions like what is unearned revenue? How to calculate it and recognize it? When is โ€ฆ

How to prepare Control Account

๐‡๐จ๐ฐ ๐ญ๐จ ๐๐ซ๐ž๐ฉ๐š๐ซ๐ž ๐‚๐จ๐ง๐ญ๐ซ๐จ๐ฅ ๐€๐œ๐œ๐จ๐ฎ๐ง๐ญ? ๐„๐ฑ๐š๐ฆ๐ฉ๐ฅ๐ž ๐š๐ง๐ ๐…๐จ๐ซ๐ฆ๐š๐ญ How does the control account work? And which accounts does it adjust or control โ€ฆ

๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž ๐‘๐ž๐œ๐จ๐ ๐ง๐ข๐ญ๐ข๐จ๐ง ๐๐ซ๐ข๐ง๐œ๐ข๐ฉ๐ฅ๐ž
๐ƒ๐ž๐Ÿ๐ž๐ซ๐ซ๐ž๐ ๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž: ๐“๐ซ๐ž๐š๐ญ๐ž๐ ๐€๐ฌ ๐€ ๐‹๐ข๐š๐›๐ข๐ฅ๐ข๐ญ๐ฒ ๐Ž๐ซ ๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž?

๐ƒ๐ž๐Ÿ๐ž๐ซ๐ซ๐ž๐ ๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž: ๐“๐ซ๐ž๐š๐ญ๐ž๐ ๐€๐ฌ ๐€ ๐‹๐ข๐š๐›๐ข๐ฅ๐ข๐ญ๐ฒ ๐Ž๐ซ ๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž? Have you ever got payment for something before delivering services? Or have an online โ€ฆ

Contra Asset And Contra Revenue

๐‚๐จ๐ง๐ญ๐ซ๐š ๐€๐ฌ๐ฌ๐ž๐ญ ๐•๐ฌ ๐‚๐จ๐ง๐ญ๐ซ๐š ๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž- ๐‡๐จ๐ฐ ๐ƒ๐จ ๐“๐ก๐ž๐ฒ ๐ƒ๐ข๐Ÿ๐Ÿ๐ž๐ซ? Contra Asset vs Contra Revenueโ€ฆ. If you are wondering what is the difference โ€ฆ

๐Œ๐จ๐๐ข๐Ÿ๐ข๐ž๐ ๐€๐œ๐œ๐ซ๐ฎ๐š๐ฅ ๐€๐œ๐œ๐จ๐ฎ๐ง๐ญ๐ข๐ง๐ 

Cash Flow Statement Template

Get Free Access to AD's easy to use excel template of cash flow statement

Cash Flow Statement template by Accounting Drive