1 / 5

Balance Sheet vs. Income Statement What's the Difference?

Think of a balance sheet as a company's financial snapshot, revealing its financial position at a particular time. The income statement, conversely, is a financial video, showcasing the company's performance and earnings over a specific period.

bookkeeper_live
Download Presentation

Balance Sheet vs. Income Statement What's the Difference?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Balance Sheet vs. Income Statement What's the Difference?

  2. Balance Sheet Income Statement Timeframe Details a company's income and expenditures for a specific time period. Displays a company's financial status at a specific point in time

  3. Balance Sheet Income Statement Components Shows revenues and expenses that net to a profit or loss Shows assets, liabilities, and equity

  4. Balance Sheet Income Statement Focus Depicts changes to money over a certain period Indicates the state of the finances as of a specific point in time

More Related