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Delete Field Settings to the 12 Month Income Statement

Delete Field Settings to the 12 Month Income Statement

Aug 6th, 2022

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How to Delete Field Settings to the 12 Month Income Statement

4.7 out of 5

61 votes

In today's tutorial, the instructor demonstrates how to create an income statement from scratch, starting with an adjusted trial balance. The video emphasizes that debits and credits must equal, and provides an overview of the accounts involved, including current assets, property, plant, equipment, liabilities, and equity. The instructor plans to show how to create not only the income statement but also a balance sheet and cash flow statement throughout the tutorial series. The focus is placed on how these elements contribute to the income statement, ensuring viewers understand the foundational steps involved in the process.

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