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What Is A Balance Sheet?

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What Is A Balance Sheet?

B
Benzinga

3 Views • Sep 01, 2021

Description

Used by both companies and individuals, a balance sheet is a document that details assets compared to liabilities and equity. Assets are resources with value, liabilities are something a company owes, and equity is how much an owner’s stake is worth. In the end, a balance sheet must see the assets be equal to the company’s liabilities and owner’s equity.

Keywords & Tags

#finance #investing #sales #loss #capital #balance sheet #document #educational #costs #profit #net #funded #assets #accounting #basics #liabilities and equity #value #stake is worth

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