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Balance sheet

A balance sheet provides a snapshot of the current financial position. It is one of the major financial statements used by Chartered Accountants, business owners and bankers.

It details what is owned (assets), what is owed (liabilities), and the current equity position (assets minus liabilities) at a given point of time.

A balance sheet is for anyone who wants to clearly understand their financial position. It is sometimes referred to as the statement of financial position.

Balance Sheet Template

XLS Template 53 KB

Provides a snapshot of the current financial position. It is one of the major financial statements used by Chartered Accountants, business owners and bankers.

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