I identify the different names given to the income statement.

The other name for "income statements" are:profit and loss statement, P&L, statement of earnings, or statement of operations.

Explanation:

An income statement is the most important "financial statements" which has the ability to show to the company's financial performance over a specific accounting period. It includes the expenses, revenue and also the net income or loss for a particular accounting period. Revenue is earned and also reported to the statement of operations / income statement.

Definition of the term:

Revenue: Money received through sale of products or services

Uses of income statement:

To determine the operating performance of your business over a period of time