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Difference Between Income Statement and Cash Flow Statement

October 31, 2014Posted byAdmin

Difference Between Income Statement and Cash Flow Statement

Income Statement vs Cash Flow Statement The key difference between income statement and cash flow statement is the basis that is used to prepare these statements; for the income statement it is the accrual basis whereas for cash flow concept it is mere cash basis. Income statement and cash flow statement are two types of […]

Filed Under:AccountingTagged With:Cash Flow Statement,cash flow statement and income statement,cash flow statement definition,earnings report,Income Statement,Income Statement and Cash Flow Statement differences,Income Statement and Cash Flow Statement Similarities,income statement definition,operating statement,利润和loss statement

Difference Between Balance Sheet and Trial Balance

October 7, 2011Posted byAdmin

Balance Sheet vs Trial Balance Companies prepare their financial statements at the end of the accounting period to obtain a clear understanding of the way resources have been utilized to improve profitability, and the manner in which the company’s assets, liabilities, capital, income and expenses have been managed. In order to do this, the […]

Filed Under:AccountingTagged With:Balance Sheet,balance sheet vs,content of balance sheet,content of trial balance,credit balances,debit balances,Financial statements,general ledger,利润和loss statement,purpose of balance sheet,purpose of trial balance,trial balance,trial balance vs

Difference Between Balance Sheet and Profit and Loss

October 6, 2011Posted byOlivia

Balance Sheet vs Profit and Loss The profit and loss statements of a company and the balance sheet must be prepared in order to arrive at a clear picture of the company’s financial stability. It is vital to note that the two refer to very different statements of financial information, with significant differences in […]

Filed Under:AccountingTagged With:Balance Sheet,data recorded in a balance sheet,data recorded in a profit and loss statement,financial period,利润和loss,利润和loss statement,利润和loss statement vs,利润和loss statements,利润和loss vs,statement of financial performance,statement of financial performance vs,statement of financial position,statement of financial position vs

Difference Between Balance Sheet and Income Statement

April 30, 2011Posted byOlivia

Balance Sheet vs Income Statement Balance sheet and income statement are part of the financial statements of a company for the perusal of all the stakeholders. Though both, income statement and balance sheet, have similarities as well as differences, they are used side by side by those who are desirous of understanding the financial health of […]

Filed Under:AccountingTagged With:assets,Balance Sheet,Balance Sheet and Income Statement,components of income statement,elements of a balance sheet,equity,expense,financial health of a company,income,Income Statement,income statement and balance sheet,income statement vs balance sheet,liabilities,利润和loss statement

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