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hello in this presentation were going to take a look at the creation of the income statement from the trial balance first we want to take a look at the trial balance and consider where the income statement accounts will be when looking at the trial balance it will be in order we have the assets in green the liabilities in orange the equity in light blue and then the income statement accounts including revenue and expenses thats what we are concentrating here were looking at those income statement accounts and that is what will be used in order to create the financial statements to create the income statement note that all the blue accounts represent the equity section so the income statement really is going to be part of total equity if we consider that on the balance sheet then were really looking at a component of this capital account and its important to keep that in mind because we want to see where the income statement fits in with regards to the double entry accounting syste
