CONDOR INTEGRITY CPA

How one transaction affects all 3 financial statements

Example:
A business purchases equipment using cash.

Here’s what happens:

Balance Sheet: Equipment increases, cash decreases
Income Statement: Depreciation expense appears over time
Cash Flow Statement: Cash outflow is recorded under investing activities

One transaction can impact multiple areas of your financial reporting.

At CONDOR INTEGRITY CPA, we help business owners understand the numbers behind their business decisions.