Income statement Template can be downloaded from here. The Income Statement of a person comprises of the income of the person. The overall that is the gross total income of the person, per month basis is provided in the income statement. There are also the deductions and the net total income found in the income sheet. The income statement gives a clear idea of the monthly total income of the person.
These income statements are useful in several ways. When a person seeks for a loan they have to provide the three months or the six months income statement to the bank. Therefore it is an important document and a proof of your income. It has to be kept carefully and should not be gotten into the wrong hands. Therefore a person has to take care of the income statement and ensue that they maintain a file to store them properly so that they can be used whenever it is essential.