By: John Pfeifer
What is a balance sheet?
Balance sheet tells assets, liabilities, and capital of the business or other businesses at a certain point. Details the balance of expenditure (the amount of money spent) and income over the proceeding period. Balance Sheet | Explanation | AccountingCoach
What does the balance sheet show?
Balance sheet shows company's assets, liabilities and shareholders' equity at a certain time. This shows what the company owns or owes for investors to get a better idea of what they are investing in. Balance Sheet Definition | Investopedia