41+ Difference Between Statement Of Affairs And Balance Sheet Images. It is virtually a balance sheet of the concern prepared under single entry system. The upcoming discussion will update you about the difference between statement of affairs and balance sheet.
Statement of Affairs - Definition, Explanation and ... from www.playaccounting.com Statement of affairs is a statement, which shows assets on one side and the liabilities on the other on a particular date. Balance sheet is the statement of assets, liabilities and the shareholder equity for a specific time period and the income statement is the statement of company's revenue and expenses for an accounting period. Following are the main differences between balance sheet and statement of affairs − the value of assets is shown as books value as well as releasable value in the statement of affairs;
The upcoming discussion will update you about the difference between statement of affairs and balance sheet.
An income statement — also called a profit and loss account or p&l. The cash flow statement takes the net profit from the income statement and accounts for changes in the amount of equity in the business shown on the balance sheet. Below, you will find few points showing the difference between the income statement and balance sheet. Basis of distinction balance sheet statement of affairs 1.
Berbagi
Posting Komentar
untuk "41+ Difference Between Statement Of Affairs And Balance Sheet Images"
Posting Komentar untuk "41+ Difference Between Statement Of Affairs And Balance Sheet Images"