Saturday, August 20, 2011

I need help creating a a clified Income Statement in proper format including EPS?

First set up your Trial Balance in columns, one for debts and one for credits. Then organize the debts and credits in their proper categories: ets, Liablities,Revenue, Expenses, etc. Follow the form in your textbook. Make sure the Trial Balance debits and credit balance (net to zero). If you can get this far you are basically there. Then again follow the form in your textbooks. Or lookup Clifed Income Statement IPF on the internet for examples.

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