Income statement in the application will show the statement report of all the revenue and expenses of a company. From the reporting you can see the income statement report of a certain time interval too. Example of an income statement report from the application is given below for better understanding.
The income statement report will show the exact manner as of accounting principle standard with the amount in revenue expenses and taxes. And will show the net profit by calculating automatically.
Notice that if the net profit value is shown in the bracket form [example: (723,978.14) ] , This means the net profit is in negative state (i.e. in loss state).