The P&L or earnings assertion, just like the income move statement, exhibits improvements in accounts around a established length of time. The balance sheet, However, is often a snapshot, demonstrating what the business owns and owes at one moment. Depreciation = worth at the beginning on the year (opening harmony) https://louiselotx.bloggazzo.com/33158588/the-fact-about-pnl-that-no-one-is-suggesting