Question

formulas properly produces the string “Income Statement”?

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Answer 1

Answer:

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Explanation:

An income statement tracks income and expenses for a small business. Most small businesses use cash accounting systems, so Excel is a great program to track your income and expenses. The cash basis accounting system records a transaction each time you receive or pay cash. So, after you receive or pay cash, you can enter the transaction into Excel, which then will update an income statement that you create. This is useful to quickly track your finances.