Introduction
In all businesses, financial statements are important for reflecting the financial health of a company. The construction industry is without exception. Among various financial statements, two of them are the most important ones. They are (1) Income Statement (or called Profit & Loss Account) and (2) Balance Sheet. In this chapter, these two important financial statements will be discussed in detail. First, we will look at an income statement. Second, we will see the use of a balance sheet. Third, we will see other important items that are closely related to these two financial statements.
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