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The first step of the sample excel sheet income assertion includes defining the interval of the income assertion. Our revenue statement is a illustration of the company’s activities for the month of January. The second step contains offering the sales for the month. The third step includes defining what is included within the company’s prices of sales. In our example, these prices embrace the time charged for the corporate’s consultants, the costs of the resort, the rental car costs, the prices for food and the costs of aircraft tickets. The fourth step is to add up all these direct prices and provide a complete for the corporate’s complete costs of gross sales. The fifth step consists of defining the corporate’s gross revenue. Again, the gross profit calculation is simply the corporate’s gross sales minus its value of sales. The sixth step contains itemizing the company’s indirect bills.
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