Ask Experts Questions for FREE Help !
Ask
    Aidleigh82's Avatar
    Aidleigh82 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 9, 2008, 08:41 PM
    What do balance sheets and income statements communicate?
    What do balance sheets and income statements communicate? :confused:
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    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.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Trial Balance & Balance Sheets [ 6 Answers ]

Hi, I am using Microsoft Money to do my husband's small company's books (Canada) If it's a sole proprietorship, do I really need a trial balance and balance sheet? Thanks Jeanne

Balance Sheets [ 1 Answers ]

A comon-size balance sheet portrays the firm's accounts as a percent of what?

Prepare balance sheets, show net income, compute debt ratio [ 1 Answers ]

I have an accounting problem in which a list of assets and liabilities are given for 2007 and 2008. I am also given some transactions that happened toward the end of 2008involving purchasing land/building in which some is a note payable for the balance, some stock was purchased and dividends are...

Balance sheets & Income Statements [ 2 Answers ]

I recently was asked to take a test for an interview on Balance sheets or Income Statement credit or debit. Please give me some examples for Balance Sheet and Income Statements being a credit or debit.

View more questions Search