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Balance Sheet Vs Income Statement Example. This is just a brief example of the accounting dynamic duo in action. A balance sheet shows one point in time whereas the income statement shows a companys performance over some time usually a quarter or year.
Depending on the salaries and cost of living in a particular area what is considered affluent in terms of annual household income could range from 100000 to 250000. Balance Sheet vs Income Statement. Green as at 31 March 2015.
A balance sheet shows one point in time whereas the income statement shows a companys performance over some time usually a quarter or year.
Balance Sheet on the other hand is at a specific point in time. Assets Liabilities Equity Using this template you can add and remove line items under ea. Income Statement is prepared for a period of time. This income statement shows that the company brought in a total of 4358 billion through sales and it cost approximately 2738 billion to achieve those sales for a gross profit of 1619 billion.