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Balance Sheet Cial Example Agec Developing Osu Fact Sheets Simple Accounting Template Free Personal

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  • CategoryBalance Sheet.
  • TopicFinancial assets balance sheet example.
  • AuthorRachel Foy
  • PostedFri, Sep 06th 2019 15:42 PM
  • Formatjpg/jpeg

A balance sheet helps individuals and business owners understand where their finances stand during a specific time period. A person reading a balance sheet can learn a lot about a business and its viability.

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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