Income statement and Retail: Difference between pages

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''Accounting - Financial reporting''.
''Markets - Trading''.


(IS).
Trading in small quantities, including by private individuals.


A statement that sets out how the net profit or loss for a period is arrived at.
In banking, 'retail' customers would also generally include Small and Medium-Sized Enterprises (SMEs) as well as individuals.


Also known as the ''statement of profit or loss'' or ''profit and loss account''.


==See also==
*[[Challenger bank]]
* [[Demand]]
* [[Efficient market]]
* [[Market]]
* [[Market mechanism]]
*[[Retail bond]]
*[[Retail mobility index]]
*[[Retail payments]]
*[[Retail Prices Index]]
*[[Small and Medium-sized Enterprises]]
*[[Stability]]
* [[Supply]]
* [[Wholesale]]


Under the 'double entry' accounting convention, income items in the Income statement are Credits (CR) and expenses are Debits (DR).
[[Category:The_business_context]]
 
A net profit for the period under review is a Credit in the Income statement.
 
A net loss for the period is a Debit in the Income statement.
 
 
Net profits or losses <u>for the period</u> - in the Income statement - feed through in turn to the Shareholders' funds (<u>cumulative</u> retained profits or losses) in the 'bottom half' of the Balance sheet (as <u>at the end of the period</u>).
 
 
== See also ==
* [[Accruals concept]]
* [[Accrued income]]
* [[Balance sheet]]
* [[Cashflow statement]]
* [[Credit]]
* [[Debit]]
* [[Deferred income]]
* [[Double entry]]
* [[Expense]]
* [[Financial statements]]
* [[Income statement exposure]]
* [[Net profit]]
* [[Primary statements]]
* [[Profit and Loss account]]
* [[Statement of changes in equity]]
* [[Statement of profit or loss and other comprehensive income]]
 
[[Category:Accounting,_tax_and_regulation]]

Revision as of 08:46, 8 April 2021

Markets - Trading.

Trading in small quantities, including by private individuals.

In banking, 'retail' customers would also generally include Small and Medium-Sized Enterprises (SMEs) as well as individuals.


See also

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