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What is the importance of a balance sheet?


What is the importance of a balance sheet?

Thanks in advance. God bless.

538 day(s) ago

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CPAinLA 		You can place those sheets on a kitchen scale, so that it doesnt get soiled by the fruits or vegetables.

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NessaCPA 		the importance of a balance sheet as a financial is that it represents a company's financial position on a particular day of the fiscal year. there are three parts to a balance sheet : assets, liabilities & equity
the balance sheet is a representation of the equation Assets=Liabilities + Equity

the balance sheet is a part of the annual report and other documents relased by the company. it is used to ensure that the company is complying by the laws, tax rules and so on.

For more infor check out http://ezinearticles.com/?The-Importance-of-the-Balance-Sheet-as-a-Financial&id=513212

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