Thursday, March 25, 2010

What is Balance Sheet

The balance sheet presents the financial position of a business on a certain fixed date, usually at the close of the last day of a month or a year. It lists the liabilities and capital on the one side and the assets on the other side. The totals of the tow sides must always be equal as has been demonstrated by the accounting equation.

2 comments:

Christine Jed de Guzman said...

Can you post an example of a balance sheet?

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