Business

• Balance Sheets


  Show the Short-Term Financial Status of the Company
• Income Statements

  Show Revenues and Expenses over a period of time
• Comparing Balance Sheets


  Can show Long-Term Trends
• Income Statements cover a period of Time
• Income Statements

  Show Different Measures of Profit
• Budgets show Income and Expenditure
• Balance Sheets show Assets, Liabilities and Equity
• Financial Analysis uses Balance Sheets and Income Statements
• Income Statements show the money being made from any business
• Balance Sheets show the financial position of a company
• Depreciation is an expense shown on the Income Statement
• Retained Earnings shows how much profit has been reinvested in the business