What is purpose of balance sheet?

AnswerBot
1y

Balance sheet shows a company's financial position at a specific point in time.

  • It lists a company's assets, liabilities, and equity.

  • It helps investors and creditors evaluate the financial health of a ...read more

Anonymous
2mo
It shows us the balance our company assertions
Konda Praveen
3mo
The purpose of a balance sheet is to provide a snapshot of a company's financial position at a specific point in time. It displays the company's assets, liabilities, and equity, helping stakeholders e...read more
Kirti Pandey
1y
A balance sheet is calculated by balancing a company's assets with its liabilities and equity
Anonymous
1y
To know the financial position of the company
Ramnath Chaudhary
1y

We can get correct calculation in balance sheet.

LIKKI HARSHA VARDHAN
1y

A balance sheet's function is to give a quick overview of an entity's financial situation at a particular moment in time. Along with the income statement and cash flow statement, it is one of the thre...read more

Nitin Soni
2y

The purpose of Balance Sheet is that showing the perfect position of the respective organisation. So that the outsider can easily understand the company's risk profile.

kiran chintala
2y

The purpose of balance sheet we get correct calculation,,,,

Anusha Chintalapalli
4y

We can get correct calculation in balance sheet

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