The balance sheet is based upon a specific date, rather than a range. In other words, it shows the assets, liabilities, and equity of a company on a specific date. The income statement shows the income or loss generated by a company over a specific range of time.
Unsatisfied with your current accountant? We can get you back on track.
Call us for a free consultation: (773) 267-7500
Copyright 2008, All Rights Reserved, Accounting Solutions LTD, Chris Amundson | Disclaimer
3035 W. Montrose Ave, Chicago, IL 60618 | (773) 267-7500 | Fax (773) 267-1171 | info@accountingsolutionsltd.com