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Balance sheet

 

 

A listing of the liabilities, assets, and equity of an entity at a point in time, the end of a month, or quarter, or year. It is one of the four financial statements required in a full financial report. The balance sheet gives the reader what the entity owns (assets) and what the entity owes (liabilities) at that moment. The differences between the two are equity.

 

 

 

 

 

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