Income Statement And Balance Sheet Slideshare

A balance sheet reports on your business assets liabilities and owner s equity.

Income statement and balance sheet slideshare. Vertical form of balance sheet and income statement. Vertical form of balance sheet and income statement. Assets are things you. Horizontal form caters more t.

Now customize the name of a clipboard to store. On slideshare 0 from embeds 0 number of embeds 898 actions shares 0 downloads 111 comments 11. Balance sheet sg accounting finance mr mcgowan slideshare uses cookies to improve functionality and performance and to provide you with relevant advertising. The cash flow statement shows how well a company manages cash to fund operations and any expansion efforts.

Assets liabilities balance sheet income statement charges revenues 10. The balance sheet while the definition of an income statement may remind you of a balance sheet the two documents are designed for different uses. These statements are the balance sheet income statement and statement of cash flows. An income statement is designed to report revenues and expenses for a specific period of time.

If you continue browsing the site you agree to the use of cookies on this website. The income statement vs. Financial statements income statement balance sheet cash flow statement revenue expenses profit assets current non current liabilities current non current equity paid in capital retained earnings operation investment financing 5. A balance sheet on the other hand records assets liabilities and equity.

Income statement gaurav taranekar 09pr001012b067 you just clipped your first slide. Why do we study vertical form. The balance sheet and income statement are both part of a suite of financial statements that tell the story of a business s history. Clipping is a handy way to collect important slides you want to go back to later.

What is financial 3. An income statement tallies income and expenses.