income-statement(2/0)
Use the balance sheet to monitor health
The balance sheet shows a business' financial state at a point in time, while the income statement shows the operation of your business over a period of time. The two financial documents most widely used are the balance sheet and the income statement. The balance sheet lists the assets, liabilities, and equity of an entity at whatever snapshot in time it’s written for. The income statement shows how the assets were used over a defined period.…
Use the income statement to refine value creation
The balance sheet shows a business' financial state at a point in time, while the income statement shows the operation of your business over a period of time. The two financial documents most widely used are the balance sheet and the income statement. The balance sheet lists the assets, liabilities, and equity of an entity at whatever snapshot in time it’s written for. The income statement shows how the assets were used over a defined period.…