Balance Sheet

A balance sheet is a financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time. It provides a snapshot of the company's financial condition, helping stakeholders make informed decisions.

• The balance sheet shows assets, liabilities, and equity.
• It provides a financial snapshot of the financial health of the company.
• It helps stakeholders make informed decisions.
• The balance sheet is essential for financial analysis.