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publish: true
version: 1.1
dateCreated: 2025-04-07, 12:00
dateModified: 2025-04-07, 12:03
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- "[[Finance]]"
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contra: []
to: []Balance Sheet
| In financial accounting, a Balance Sheet is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. A balance sheet is often described as a "snapshot of a company's financial condition". It is the summary of each and every financial statement of an organization. | |
|---|---|
| wikipedia:: Balance sheet |
- Always at a point in time
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