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Depreciation And On Balance Sheet Quiz Worksheet Study Com

Worksheet Details

  • CategoryBalance Sheet.
  • TopicAccumulated depreciation on balance sheet example.
  • AuthorTahlia Bancks
  • PostedThu, Aug 22nd 2019 00:50 AM
  • Formatjpg/jpeg

A balance sheet is one of the most important financial statements made by accountants and business owners. A business’ balance sheet offers a comprehensive overview of a company’s financial health by detailing a company’s assets, liabilities and shareholders’ equity. The balance sheet shows how cash flows throughout your finances and points to ways in which you can improve your company’s financial health.

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.

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