====== ======income statement

The statement of comprehensive income, in IFRS terminology, also known as the income statement or profit and loss account (abbreviated to CR1), is a financial statement summarising all the income and expenses of a company or other organisation engaged in commercial activity, for a given period known as the financial year.

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Access: Accounting → Accounting Documents → Profit and Loss Account

The Generate button triggers the calculation of the profit and loss account for the specified date range.

The accounts shown are those in the revenue and expense classes.

The difference between the balances of these accounts constitutes the profit or loss for the financial year (or period).

Results can be displayed in any currency other than the accounting currency by right-clicking on the Currencyfield.

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