What is Balance Sheet

Posted on 06-05-2016        By ADMIN

What is Balance Sheet

Balance Sheet – 

It is one of the main financial statementswhich reveals the financial position of a business at a particular movement intime. It’s a detailed presentation of assets, liabilities and owner’s equity.It is nothing but a detailed accounting equation that shows the total value ofassets is equal to the total liabilities plus capital. The balance sheet islike a snapshot of a firm at some point in time showing the status of business.

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