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What is the difference between Income statement & Balance Sheet?

Accounting Cost Accounting Financial Accounting Economics Finance
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Question added by MUHAMMAD SHOAIB , Finance Manager , KUNDI DEVELOPMENT CORPORATION PVT.LTD
Date Posted: 2017/04/18
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Kaleem Uddin Mohammed
by Kaleem Uddin Mohammed , Accounting and Reporting Manager , Dal Group

IS reflect the performance while the BS portrays the Financial position of an entity.

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