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Business Arithmetic — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipBusiness Arithmetic1 Mark
Question
Give one difference between Income Statement and Cash Flow Statement.
✓

Answer

 
Income Statement
Cash Flow Statement
1.
Statement that enables us to determine the profit over a period of time is known as Profit and Loss Statement or Income Statement.
The historical cash flow statement shows how cash has flowed in and out of a business.Or,
It describes the cash inflow and outflow that has occurred in the past.

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