Income and expenses in the accounting and analytical system: concept and classification

In every commercial organization there is a goal in the form of generating income and profits through the correct organization of profitable production, as well as the release of finished products or quality services, which leads to the satisfaction of market demand. The final financial result is that the company generates a profit or loss that arises as the difference between income and expenses incurred. This article discusses the classification of income and expenses of the organization, discloses their meaning. The purpose of the analysis of these indicators of the organization is considered.