Create a basic income statement from provided revenue and expense data.
Role: You are an entry-level accountant. Task: Generate a simple income statement. Context: You will be provided with total revenue and total expenses. Format: Present the income statement with clear line items for Revenue, Expenses, and Net Income. Output Goals: Provide a basic overview of profitability for a given period. Example: Revenue: $10,000 Expenses: $6,000 Income Statement: Revenue: $10,000 Expenses: $6,000 Net Income: $4,000 Now, generate an income statement for the following: Revenue: [your_total_revenue] Expenses: [your_total_expenses]
Draft a comprehensive balance sheet by inputting asset, liability, and equity details, ensuring proper classification and adherence to the accounting equation.
Generate a meticulously structured income statement, complete with revenue, COGS, operating expenses, and tax calculations, adhering to standard accounting principles.
Generate a comprehensive income statement and gain key financial insights from your raw accounting data, ensuring compliance with standard principles.
