The P&L or cash flow statement, much like the money movement assertion, shows adjustments in accounts around a established length of time. The balance sheet, Alternatively, can be a snapshot, exhibiting what the business owns and owes at only one instant. $begingroup$ For a choice with rate $C$, the P$&$L, https://elliotipuzc.blogscribble.com/34169493/pnl-an-overview