Do you know what the Balance Sheet, Cash Flow Statement and Income Statement are?
This article is to help you develop a general understanding of terms like Balance Sheet , Cash Flow Statement , and Income Statement . We will talk about what they are and the basic difference between them. For a start, a Balance Sheet mentions what the company owns and what are the liabilities. At the same time, a Cash Flow Statement talks about the cash flow records for a fixed time. Balance Sheet – It shows assets, liabilities, and equity owned by stakeholders for a given period like quarterly, half-yearly, or annually. It shows the company's assets and how they were bought via debt or issuing equity shares. The balance sheet also tells about the shareholders' exact amount invested in equity. It shows the impact of the Cash Flow Statement on assets and liabilities. Structure: All the assets are listed on one side of the page, and all the liabilities on the other. I...