Accounting notes
Balance Sheet is all about the assets and their definitions
(borrowed or own)
Cash-flow Statement is all about cash. “+” = cash in, “-” = cash
out
Income statement is all about the actualization of money (not
cash), that is collected/spent during the period of selling
goods/services.
Sales – Expenses = Profit
,
Balance Sheet is all about the assets and their definitions
(borrowed or own)
Cash-flow Statement is all about cash. “+” = cash in, “-” = cash
out
Income statement is all about the actualization of money (not
cash), that is collected/spent during the period of selling
goods/services.
Sales – Expenses = Profit
,
