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Balance Sheet Eading Pdf Investopedia For Dummies Uk Banks

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  • CategoryBalance Sheet.
  • TopicReading a balance sheet.
  • AuthorRachel Foy
  • PostedSun, Aug 25th 2019 02:49 AM
  • 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.

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.

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