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View Full Version : What do balance sheets and income statements communicate?

Aidleigh82
Mar 9, 2008, 08:41 PM
What do balance sheets and income statements communicate? :confused:
pready
Oct 23, 2008, 02:34 PM
The balance sheet shows the financial position of the organization at a particular point in time.

The income statement shows the operating results of the organization over a period.