The key difference between a partnership income statement and a standard business income statement is that the partnership income statement:

Question

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A partnership income statement shows the distribution of profit/loss to each partner below the profit/loss line, which is not the case for a standard business income statement. The statement is not split into separate columns for each partner nor does it show the division of each expense into partners' interests. While sales revenue may or may not be shown, it is not the key difference between the two income statements.

The Key Difference Between a Partnership Income Statement and a Standard