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Balance Sheet vs. Profit and Loss Statement: Key Differences Explained

Balance Sheet vs. Profit and Loss Statement: Key Differences Explained Timestamps 00:00 intro 01:45 What is a balance sheet? 03:28 What is a profit and loss statement? 04:10 Differences between the statements 04:35 Order of preparation 05:15 Insights from the financial statements Affiliate links/own brand // WANT TO BECOME A MEMBER OF STAFF?! Join the waiting list: https://forms.gle/poFPctkwqrMzbZ4x5 // COME AND SAY HI!! Instagram -   / accountant_she   TikTok -   / accountant_she   Accountancy practice - https://www.strivex.co.uk/oxford-acco... // WANT TO BECOME A CLIENT?! Book a meeting - https://outlook.office365.com/book/Bo... Accountancy practice - https://www.strivex.co.uk/oxford-acco... // PRACTICE MAKES PERFECT Shop here: https://rachel-harris-s-school3.teach... // SHOP MY PUNNY ACCOUNTANCY MERCH HERE! Etsy store*: https://www.etsy.com/shop/accountantshe // WANT TO BECOME A MENTEE?! Waiting list: https://docs.google.com/forms/d/e/1FA... // SHOP MY DESK, HERE Keyboard*: https://amzn.to/3cUfBk8 Camera*: https://amzn.to/3RJ8Ct8 Tripod*: https://amzn.to/3x7lEbV Rode mics: https://amzn.to/3yEnu4t Interview mic: https://amzn.to/3yGTvZC Gimbal: https://amzn.to/3FofkB0 Phone ring light: https://amzn.to/3yXGgUR Standing ring light: https://amzn.to/3yEF08N Be sure to subscribe to my channel!! #accountant #accountingpractice #GoProposalbySage #GoProposalbySage #TeamGoProposal #GoProposalAmbassador TAGS: accountant_she,strivex,Rachel harris,income statement,profit and loss,p&l,profit and loss statement,p&l statement,p&l statement for dummies,accounting,accounting basics,accounting stuff,income statement tutorial,income statement accounting,statement of profit and loss,statement of profit or loss,reading an income statement,how to read an income statement,understanding an income statement,income,statement,financial statement,balance sheet and income statement,income statement explainedbalance sheet, difference between balance sheet and profit and loss statement,Balance Sheet vs. Profit and Loss Statement: Key Differences Explained