Balance Sheet Meaning In English
Balance Sheet translation, meaning, definition, explanation and examples of relevant words and pictures - you can read here.
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Meaning
A balance sheet is a financial statement containing details of a company's assets or liabilities at a particular point of a time.
Example
A balance sheet gives you the financial position of your company at a particular point in time. Also, along with the income statement and cash flow statement, it can help business owners evaluate the financial position of their company.
For Ex: The balance sheet may include short-term assets such as cash and accounts receivable or long-term assets such as property, plant and equipment, depending on the company.
Sentence
The balance sheet is used by executives, investors, analysts and regulators to understand the current financial position of a business.
