Question

Give one difference between Cash flow Statement and Income statement.

Answer 1

Answer:

The cash flow statement is similar to the income statement in that it records a company's performance over a specified period of time. The difference between the two is that the income statement also takes into account some non-cash accounting items such as depreciation. ... The company either has cash or it does not.

Answer 2

Answer:

cash flow statements is for cash and income statement is for income