TopicProfit loss account balance sheet.
PostedMon, Jul 15th 2019 00:33 AM
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.
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.