Accounting and audit of income of a commercial organization

This article discusses an important function of all commercial organizations, which is to record and control income. Carrying out economic activities in a particular area, the organization keeps records of its income and reflects them in the accounting statements. This is necessary in order to have information about the organization's income, and then make informed management decisions to maintain the organization at the necessary level. In the course of the study, the essence of income accounting was revealed, as well as the importance of income audit for a commercial organization.