After the completion of the preparation of the trial balance ratios which contains all of the accounts on the inside after the amendment, after the preparation of the financial statements of the debtor, so that the transfer of the assets of the accounts of income and expenditure for the preparation of the list of income as a result of income from profit extraction اوخسارة, transfer the balances of the accounts of the property rights of the calculation of income as a result of the preparation of the list of changes in property rights, and the transfer of accounts receivable to prepare a list of assets, liabilities, financial position (Balance Sheet).
The income list
is a list is being prepared to know the result of the work of the established profit or loss at the end of the financial period, through an interview income and expenses and the difference between them would be either a profit or a loss, if the increased income over expenditures result can be won, if the greater expenses from income the result is the loss of income, and the preparation of the list in one of two ways, either in a way that is brief and is called the list of income per phase, or on several stages of multi-stage is called the income list, commonly give the same result.
The list of elements and items of income:
income (net sales)
is called the amounts collected from others or receivables as a result of the provision of a service to others services revenues, the revenue realized from the sale of the goods to others called the sales.
The cost of sales (income)
in the service established the cost of 3,960,200 representing the expenses were loaded on the service directly, which contributed to the revenue,
and in business it is called the cost of sales is the cost of goods sold, which is calculated according to the inventory system used as will be explained in the lesson of the accounting treatment of the goods.
In the industrial facility, the cost of sales represents the cost of raw materials, labor and manufacturing costs.
The expenses incurred by the Treaty to obtain revenue, and can be divided into administrative expenses and the universality of salaries and wages and pocket money pocket money and electricity, telephone and other sales and marketing expenses, such as advertising expenses and pocket money and other sales.
Income and other benefits (extraordinary)
, earnings or established as a result of the gains obtained by the operations and activities are not linked to the main activity of the company, such as the gains that come through the Investment Committee established in the stock exchange, or profits derived from the sale of fixed assets, or from the rental of part of its BLOCKBUSTER.
The expenses and other losses (egm)
, expenses and losses incurred by established as a result of the operations and activities are not linked to the main activity of the company, such as the losses resulting from the investment of its funds in the stock exchange, established and losses derived from the sale of fixed assets and so on.
The list of income per phase (ABRIDGED)
This list easily prepared and understanding of their content and simplicity, where the distribution of income list on two items, item of the b