Balance sheet - Accounting

Accounting
Tutor: None Selected Time limit: 1 Day

Why is balance sheet more important than income statement, or the statement of cash flows?

Nov 26th, 2015

Thank you for the opportunity to help you with your question!

The balance sheet gives a snapshot of the organization's capital structure and shows the short term and long term assets with other vital account balances.

Please let me know if you need any clarification. I'm always happy to answer your questions.
Nov 26th, 2015

Thanks!! Can you please explain more why it is more important than the others? 

Nov 26th, 2015

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Nov 26th, 2015
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Nov 26th, 2015
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