What is the difference between a cash budget and an income statement?

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2026-03-19 17:45

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Income Statement is a financial statement which shows all the income and expenses of company, while cash statement shows the receipts and payments of company.

In cash based accounting system cash statement is also work as a income statement as everything is dealt on cash bases but in accrual accounting tracking of receipts and payments and income and expense is a separate tasks.

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