Question
Explain why the income statement is also known as the profit and loss statement. What exactly does the word balance mean in the balance sheet
Explain why the income statement is also known as the profit and loss statement. What exactly does the word balance mean in the balance sheet title? Why do we do a balance of the two halves?
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
