Create Balance Sheet

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Create Balance Sheet
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Free Balance Sheet

Balance Sheet: What Is It?

A balance sheet is a financial accounting document used to state a company’s current assets, liabilities, and equity. A business should have a balance sheet available in order to show potential investors and shareholders the current financial state of their company. Balance sheets should be updated regularly to reflect the current financial state of the business.

There are two sides to the balance sheet: one will have assets, and one will have liabilities. These two sides should even out for a business to be successful. Each account should be listed separately. The company only needs to list their current assets and liabilities for the particular time period.

Balance sheets will vary depending on the type of business. Accountants are typically best suited to complete and present an accurate balance sheet.  

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