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Balance Eet Template Excel Download Blank Spreadsheet Templates Contracts Free Cashier For

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  • CategoryBalance Sheet.
  • TopicFree cashier balance sheet template for excel 2013.
  • AuthorHannah Stonham
  • PostedMon, Sep 09th 2019 16:16 PM
  • Formatjpg/jpeg

The balance sheet, also called the statement of financial position, is the third general purpose financial statement prepared during the accounting cycle. It reports a company’s assets, liabilities, and equity at a single moment in time. You can think of it like a snapshot of what the business looked like on that day in time.

The balance sheet is basically a report version of the accounting equation also called the balance sheet equation where assets always equation liabilities plus shareholder’s equity. In this way, the balance sheet shows how the resources controlled by the business (assets) are financed by debt (liabilities) or shareholder investments (equity). Investors and creditors generally look at the statement of financial position for insight as to how efficiently a company can use its resources and how effectively it can finance them.

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