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How is the income statement linked to the balance sheet?

How is the income statement linked to the balance sheet?
Nielgrey Trainee Asked on November 6, 2014 in Accounting.
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1 Answer(s)

Income statement and balance sheet are part of annual accounts of the company. Income from Income statement carried to balance sheet.

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CA Mohnesh Kohli Trainee Answered on November 6, 2014.
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