STANDARD DOCUMENTS: Balance Sheet checklist




A balance sheet is a financial statement which all companies should prepare.


  1. Balance sheet has three section
  2. Balance sheet is often abbreviated to B
  3. The "asset" section shows what the company own
  4. The "liability" section shows what the company owe
  5. The "equity" section shows the shareholders' ownershi
  6. BS's are a static repor
  7. BS can be compared to prior period
  8. Balance Sheets are considered a standard financial repor

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