A balance sheet is a type of financial statement that contains details of sources and uses of funds by an individual or organization over a particular period. It may also include crucial information regarding the financing of assets, liabilities, and equities. The statement of financial position helps evaluate the capital structure and calculate the rates of return. Based on the requirement, a balance sheet can be either in the report form or account form.
The resources that we offer under this section serve as a guiding light to know about a balance sheet. Here we discuss accounting equation, assets, liabilities, bank vs company balance sheet, capital expenditure formula, trial balance vs balance sheet, debt vs equity financing, revenue vs capital reserve, etc. The list gets completed with the inclusion of examples, formulas, and the purpose of the balance sheet.
Make the most of these free articles and step by step guides on the Balance Sheet -