Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. The balance sheet ... net profit or loss and ...

As you can see, all business transactions affect the balance sheet, but not all transactions affect the income accounts (that is the Profit and Loss statements). Computer-based accounting systems ...

Stocks to avoid have three things in common: "poor balance sheets, poor business models ... is to divide the interest expense in the profit and loss account into year-end debt and multiply ...

They focus obsessively on a company’s income statement (profit and loss), mostly ignoring the balance sheet (assets and liabilities). I believe the balance sheet is important, particularly now ...