by nancy and editable by anyone, 3 pages, 0 comment. Modified on .

Basic accounting concepts and formula.

Contents (hide)

1. Income statement
2. Balance Sheet
3. Statement of Cash Flow
4. Comments

1. Income statement

   sales revenue-cost of goods sold=gross income
   
   gross income-selling and admin expense=earning before interest and taxes(EBIT)
   
   EBIT-interest-taxes=net income
   
   Gross income/sales revenue=gross margin
   Net income/sales revenue=net margin

   1
2. Balance Sheet

   Asset-Liability=Owner's Equity
   

   2
3. Statement of Cash Flow

   Total cash flow=CFO+CFI+CFF
   
   CFO=cash flow from operation
   CFI=cash flow from investment
   CFF=cash flow from finance

   3

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