What are the various types of income statement?

What are the various types of income statement?

8 Types of P&L / Income Statements

• Single Step Income Statement.
• Multi-Step Income Statement.
• Comparative Income Statement.
• Common Size Analysis Income Statement.
• Variance P&L Statement.
• Segmented P&L Statement.
• Driver-based P&L Statement.
• Composite P&L Statement.

What are the two kinds of statement?

The 4 English Sentence Types

What are the three types of income statements?

There are four main financial statements. They are: (1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholders’ equity.

What are the two types of P & L statements?

Types of Profit and Loss (P&L) Statements As noted above, a P&L statement may be prepared in one of two ways. These are the cash method and the accrual method.