# Statement of Comprehensive Income (Income Statement)

> The Statement of Comprehensive Income (also called the Income Statement) reports the financial results of a sole trader for a specific period, usually the financial year. You build it from…

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## Full notes

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## More in PREPARATION OF FINANCIAL STATEMENTS

- [Statement of Financial Position (Balance Sheet)](https://www.hlayiso.com/grade-10/accounting/notes/preparation-of-financial-statements/statement-of-financial-position-balance-sheet) — Next section
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## Frequently asked questions

### What will I learn in "Statement of Comprehensive Income (Income Statement)"?

This section covers Statement of Comprehensive Income (Income Statement) as part of PREPARATION OF FINANCIAL STATEMENTS in Grade 10 Accounting. You'll find clear explanations, worked examples, and key definitions aligned to the CAPS curriculum.

### Is this section aligned with the CAPS curriculum?

Yes. All notes on Hlayiso, including "Statement of Comprehensive Income (Income Statement)", are written against the official CAPS curriculum and ATP for Grade 10 Accounting.

### What should I study after "Statement of Comprehensive Income (Income Statement)"?

Continue with the next section in PREPARATION OF FINANCIAL STATEMENTS, or test your understanding with the interactive quiz linked to this section.

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