Comments on: Income Statement Format http://business-accounting-guides.com Small Business Accounting Thu, 19 Jan 2012 13:44:17 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Kenneth Meunier http://business-accounting-guides.com/income-statement-format/comment-page-1/#comment-1056 Kenneth Meunier Sun, 18 Sep 2011 17:09:54 +0000 http://business-accounting-guides.com/?page_id=101#comment-1056 Hi Nahvin - The income statement format is similar regardless of the business structure. Partnerships just take the profits based on the agreement in the partnership, so in this case the net income would be allocated based on partnership share, and equity accounts are also maintained by partner share (Partner A, Partner B, etc.) instead of one general business equity account. Kenneth Hi Nahvin -

The income statement format is similar regardless of the business structure. Partnerships just take the profits based on the agreement in the partnership, so in this case the net income would be allocated based on partnership share, and equity accounts are also maintained by partner share (Partner A, Partner B, etc.) instead of one general business equity account.

Kenneth

]]> By: Nahvin http://business-accounting-guides.com/income-statement-format/comment-page-1/#comment-1054 Nahvin Sun, 18 Sep 2011 11:52:22 +0000 http://business-accounting-guides.com/?page_id=101#comment-1054 I don't really understand your explanation because i am looking for the format of partnership and this website only provides me the simple version of the format . I don’t really understand your explanation because i am looking for the format of partnership and this website only provides me the simple version of the format .

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