Balance sheet
A balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time. It lists a company's assets, liabilities, and equity, and helps to give an understanding of the company's net worth. The balance sheet shows how much a company owes (liabilities) and how much it owns (assets), and the difference between the two is equity. The balance sheet is used by investors, lenders, and management to evaluate the company's financial health and to make informed decisions.
