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Distinguishing Between a Profit and Loss Statement and an Income Statement

September 17, 2023

What are the key differences between a profit and loss statement and an income statement?

Understand the key differences between a profit and loss statement and an income statement, including terminology and presentation.

Tags : Profit , Loss Statement , Income Statement , Differences

Contrasting P&L and Cash Flow Statements

December 9, 2023

Key Differences Between Profit and Loss Statement and Cash Flow Statement

A profit and loss statement shows a company's profitability by detailing revenues, expenses, and profits or losses over a period. In contrast, a cash flow statement records cash movements from operating, investing, and financing activities, focusing on actual cash flows.

Tags : Profit , Loss Statement , Cash Flow Statement , Revenue , Cash Flows

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