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difference balance sheet and income statement

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difference balance sheet and income statement

Understand the difference between a balance sheet and an income statement. While a balance sheet provides a snapshot of a company's financial position, showing assets, liabilities, and equity at a specific point in time, an income statement summarizes the company's financial performance over a period, including revenues, expenses, and net income. Learn how these financial statements serve distinct purposes and offer valuable insights into business health and profitability.
By: 360 Accounting Pro
25-Feb-2025 12:52 pm
Business & Services
User Website : https://www.360accountingpro.com/blog/understanding-the-difference-between-income-statement-and-balance-sheet-a-guide-by-360-accounting-pro-inc-

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