Comparative Income Statement

A comparative income statement is an account of income phrased in writing, which is written in comparison with the income of the company during another period. Thus, the company itself is used as an internal point of comparison to judge its areas of failure and improvement. It is written by equipped professionals by citing the income generated from the business.

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Sample Comparative Income Statement

Comparative Income Statement

Download Comparative Income Statement

Name of the company: Gluttons’ Restaurant

Year of opening: 5th September, 2009

Nature of business: It is a small business of a restaurant-cum-café where all kinds of food items starting from snacks, beverages to dishes and meals are served at affordable prices.

Operational days: Monday to Sunday except on Fridays and Saturdays

Name of the owner: Justin Timberlake

Periods of income comparison: 2009 and 2010

Date of year-ending: 5th September, 2010

Elaborate Income Statements

A picture of the income details of the year 2009 from 5th September, 2009 to 5th September, 2010 is given below:

Profit generated from restaurant business:                                  $40, 000.00

Profit generated from café business:                                           $30, 000.00

Profit generated from home delivery of orders:                         $10, 000.00

Profit generated from holding parties and reunions:                  $50, 000.00

Total profit (all sources):                                                           $1, 30, 000.00

A picture of the income details of the year 2010 from 5th September, 2010 to 5th September, 2011 is given below:

Profit generated from restaurant business:                                  $50, 000.00

Profit generated from café business:                                           $40, 000.00

Profit generated from home delivery of orders:                         $10, 000.00

Profit generated from holding parties and reunions:                  $40, 000.00

Total profit (all sources):                                                           $1, 40, 000.00

Signature of accountant: ___________________________

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