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    Interrelations- Balance Sheet/Income statement/cash flow

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    What would be some interrelationships between:

    - Financial Statement
    - Income Statement
    - Balance Sheet
    - Statement of cash flow

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    Solution Preview

    The income statement, balance sheet and cash flow statement can all be clubbed under "financial statements" of an organization.

    The income statement shows the profit/loss made by company during the financial year. It displays all the revenues earned by the company along with total costs incurred by the company for earning these revenues and thus, the sebsequent result of the operations of the company during a particular financial year. The profit or loss calculated by the ...

    Solution Summary

    Interrelationships between financial statements