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	<title>Sebastian Perrier &#187; profit and loss account</title>
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	<description>Management - Sales - Marketing - Strategy</description>
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		<title>Basic Financial Statements</title>
		<link>http://blog.sebastianperrier.com/2009/10/basic-financial-statements/</link>
		<comments>http://blog.sebastianperrier.com/2009/10/basic-financial-statements/#comments</comments>
		<pubDate>Sat, 03 Oct 2009 15:14:42 +0000</pubDate>
		<dc:creator>Sebastian Perrier</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[accural system]]></category>
		<category><![CDATA[balance sheet]]></category>
		<category><![CDATA[cash flow]]></category>
		<category><![CDATA[financial statements]]></category>
		<category><![CDATA[income statement]]></category>
		<category><![CDATA[manufacturing account]]></category>
		<category><![CDATA[profit and loss account]]></category>

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		<description><![CDATA[The 3 basic financial statements are:

Income Statement (or Profit and Loss Account)
Balance Sheet
Cash-flow Statement

The Income Statement shows the revenues, expenses and profits during a determined period of time. The expenses shown in the Income Statements are those used up in generating the revenue. The revenue, is the revenue earned during that period, independent of whether [...]]]></description>
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