The P&L or earnings statement, like the funds flow assertion, shows alterations in accounts over a set timeframe. The equilibrium sheet, Then again, is usually a snapshot, displaying what the corporation owns and owes at a single second. WillWill 13344 bronze badges $endgroup$ 4 $begingroup$ Did you not say at https://www.youtube.com/watch?v=qMmsQ4kKgY4