Sherri

Common Size Income Statement Definition and Example.

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A common size income statement is an income statement in which each line item is expressed as a percentage of revenue. This makes it easier to compare companies of different sizes, or to compare a company’s performance over time. For example, if Company A has revenue of $100,000 and net income of $10,000, its net … Read more

What Is a Cash Book?

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How Cash Books Work, With Examples. What is a cash book? A cash book is a book that records all cash transactions made by a business. It includes all cash receipts and payments, and can be used to track the company’s cash flow. Why is cash book important? A cash book is a financial journal … Read more