Question

The balance sheet, or statement of financial position, is the listing of all assets and all claims against the assets of a company. a. true b. false

Answer 1

True

What do you mean by balance sheet?

The term "balance sheet" refers to a financial statement that details the assets, liabilities, and shareholder equity of a business at a specific point in time. Balance sheets serve as the basis for estimating a company's capital structure and computing investor return rates.

A financial statement called a balance sheet provides a brief summary of a company's assets, liabilities, and shareholder investment. Balance sheets can be used in combination with other important financial data when doing basic analysis or computing financial ratios.

MAIN LESSONS

A balance sheet, which is a financial statement, lists the assets, liabilities, and shareholder equity of an organization.

one of the three main financial accounts that are examined when evaluating a company

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