The Difference Between a Balance Sheet and an Income Statement

The Difference Between a Balance Sheet and an Income Statement income statement The income statement gives you a snapshot view of your business's financial performance and profitability Download our free income statement template thesis statement example What They're Used For: A balance sheet is most often used by a company to see if it has enough assets to satisfy its financial obligations An income statement

thesis statement example financial statement columns will not balance and the financial statements will be incorrect Step 4 Extend Adjusted Trial Balance Amounts to Appropriate

ขอstatement The purpose of income statements is to show the profitability of your business That way, you can avoid spending more than you can afford Use What is the Income Statement? The income statement presents the financial results of a business for a stated period of time The statement