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0:20
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Accounts Classes by Karthick Balaraman
3.1K views · 33 reactions | The Income Statement and the Balance...
Accounts Classes by Karthick Balaraman. Jumbo · Breakthrough. The Income Statement and the Balance Sheet are interconnected and depend on each other. Here’s how: 1. Income Statement Affects the Balance Sheet: The net profit or loss from the Income Statement directly impacts the owner’s equity section of the Balance Sheet. Profit increases ...
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