Difference in the statement of cash flow and the income statement:
Difference in the statement of cash flow and the income statement: The cash flow and the income statement are the essential parts of a corporate balance sheet. A cash flow represents the exact amount of company’s cash inflows and utflows over a period of time. The income statement is the most common financial statement and shows company’s revenues and total expenses, including noncash accounting, such as depreciation over a period of time. By Kahkshan Asif ☺