Balance Sheet vs. Profit and Loss Statement: Key Differences Explained

[@jske9]

This is a great explanation thanks :)

[@accountantshe]

No problem 😊

[@caterpillarmud126]

Hi there, I’ve been looking for an adjustment entry, there were almost 18 million worth of invoices duplicated in the year 2020 till 2023, now we are in 2024 and these invoices still outstanding and we want to clear this off from the books without any impact on P&L ? If I create an entry debit contra revenue and credit the revenue and, credit AR and debit doubtful debt. If I process above entires will this impact P&L ? And what will this impact balance sheet ? Thank you

[@Rach-c7v]

Lovely work, I recommend adding a transcript and subtitles though! Helps a lot for those who can't listen, aka, attention spans equivalent of a cats! (Me)

[@Deepve0711]

It’s nice explanation. Thanks for sharing☺️

[@accountantshe]

My pleasure 😊

[@ibtisammohd4498]

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[@YaminWai-lp5qt]

Thank you for your sharing 😍

[@accountantshe]

Thanks for watching! 😄

[@ShamimHassad-mz8hm]

Thank u dear