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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.
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.
It is called such as the total [[assets]] are equal to the total liabilities plus [[equity]].
It is called such as the total [[assets]] are equal to the total liabilities plus [[equity]].