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What is Balance Sheet?

Posted in Glossary by Johns Wu
January 6, 2007 12:27 AM - 1 Comments

Balance Sheet

A summary of the company’s assets, liabilities, and equity ranged at a certain date. The balance sheet measures the performance of a company or individual by measuring the assets owned by the company. The balance sheet can be more detailed in presentation depending on the preference of the company. In principle, the balance sheet must be expressed as the equality of assets against liability and shareholder’s equity. It is one of the tool to measure the financial standing of the company.

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