What is mean by balance sheet

Question

Accepted Answer

A balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time.

It provides a snapshot of a company's financial position.
Assets are listed on the left side and liabilities and equity on the right side.
The balance sheet equation is Assets = Liabilities + Equity.
It helps investors and creditors evaluate a company's financial health.
Examples of assets include cash, inventory, and property.
Examples of liabilities include loans, accounts payable, and taxes owed.
Examples of equity include retained earnings and common stock.

Accepted Answer

Balance sheet is a financial statement that contains details of a company's assets or liabilities at a specific point in time

Accepted Answer

A balance sheet is a financial statement that contains details of a company's assets or liabilities at a specific point in time

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