Balance Sheet vs. Profit and Loss Statement: What is the Difference?
The balance sheet and the profit and loss (P&L) statement are two of the three financial statements companies issue regularly. Such statements provide an ongoing record of a company's financial condition and are used by creditors, market analysts and investors to evaluate a company's financial soundness and growth potential. The third financial statement is called the cash-flow statement.
Original Article Source Credits: Investopedia , https://www.investopedia.com/
Article Written By: SEAN ROSS
Original Article Posted on: Jun 12, 2020