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What are the differences between balance sheet and income statement?

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What are the differences between income statement and balance sheet?
Essentially the Income Statement shows how much profit (or loss) an entity generated for a certain period. For example, the income statement of XYZ Corp. for the Year Ended December 31, 2010 would...
What is the difference between a balance sheet from an income sheet?
Income Statement shows the net profit of one fiscal year Balance sheet shows the overall position of company from start of the business to any point of time.
What is the difference between an income statement and a balance sheet?
Income statement describes the current year performance while balance sheet describes the overall position of company right from the starting year of business to current year. income statement...
What is the link between income statement and Balance Sheet?
An income statement, as d word itself says, is d statement of our income aggregated by ur expenditures. An income statement depicts ur income for a particular year, generally an year and it also...
Difference between fund flow statement and balance sheet?
Funds flow statement and balance sheet both are the statements of different nature. Funds flow statement is a statement summarizing the significant financial changes which occurred between the...