Definition for Balance sheet
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Revision as of 17:42, 19 February 2013 by Bbb (Talk | contribs) (Created page with "A balance sheet is a snapshot of a business's financial condition at a specific moment in time. It reflects what a company owns (assets), what it owes to outside parties (liabili...")
A balance sheet is a snapshot of a business's financial condition at a specific moment in time. It reflects what a company owns (assets), what it owes to outside parties (liabilities), and what it owes to the owners (owners' equity).