Balance Sheet: A Balance Sheet depicts the assets and liabilities of a company at a given point of time. An income statement shows the activities of a company over a particular time period but a balance sheet shows the assets and liabilities of a company at a fixed point. The assets include the following:
- Cash in Bank
- Accounts Receivable
- Real estate
- Prepaid expenses
The Balance Sheet includes Accounts Payable, Long-term debt, Accrued expenses, Retained earnings, Share Capital.
Cash Flow Statement: The Cash Flow Statement shows the cash inflows and cash outflows in a financial sheet. The case study assignment help state the inclusions in a Cash Flow Statement as follows:
- Operating activities helps to understand the cash inflows from the operating activities of a company.
- Financial activities show the amount derived from selling stocks or bonds
- Investment activities show that money that can be used for investing activities
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