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| − | A Balance Sheet is a fundamental accounting statement that provides a 'snapshot' of an entity's assets, liabilities and equity at a point in time.
| + | #REDIRECT [[Financial statement#Balance Sheet]] |
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| − | It is called such as the total assets are equal to the total liablities plus equity.
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| − | Any meaningful analysis of a company's finances must include a review of the balance sheet, income statement and statement of changes in financial position.
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| − | However, certain meaningful ratios can be gleaned from the balance sheet alone, such as Debt/Equity ratio, Working Capital ratio.
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| − | Fundamental to proper balance sheet preparation is a rigorous "cut-off". That is, if a balance sheet has a date of November 30, it must not include cash received on December 1.
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| − | [[Category:Accounting terms]]
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