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Finance

Balance sheet VS income statement with examples explained

Adam Smith -
The balance sheet and income statement are two important financial statements that provide information about a company's financial position and performance
Finance

What is income statement in Finance? Explanation with examples

Adam Smith -
An income statement is a financial statement that shows a company's revenues, expenses, and profit over a specific period of time
Managerial Accounting

What is a Balanced Sheet? And Why is it So Important in Accounting

eva leung -
An income statement is a financial document that summarises the company’s revenues, expenses, and net income for a given period of time while the cash flow statement is a financial document that provides information on how cash flows through an organisation over a period of time. 

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