Balance Sheet vs. Profit and Loss Statement: What is the Difference?

Author: External Author | | Categories: Bookkeeping Services , Income Tax Preparation , Medium Business Taxes , Payroll Services

Blogby Speedy Tax Preparation & Bookkeeping Service

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.

Read More

Original Article Source Credits:   Investopedia , https://www.investopedia.com/

Article Written By:  SEAN ROSS

Original Article Posted on:  Jun 12, 2020

Link to Original Article:  https://www.investopedia.com/ask/answers/121514/what-difference-between-pl-statement-and-balance-sheet.asp



READ MORE BLOG ARTICLES