The balance sheet shows what a company owns and what is owes at a particular point in time. It provides details about a company's assets, liability, and shareholder equity. The balance sheet is based on the accounting equation that shareholder equity is equal to a company's assets minus its liabilities. Investors should bear in mind that because a balance sheet is a “snapshot” of the company’s finances on a given day, events that happen immediately before or after that date might not be reflected.
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