A balance sheet is a financial statement that presents the financial position of a business at a particular point in time. It is also known as a statement of financial position, as it shows a business's assets, liabilities, and equity. Balance sheets are prepared at the end of each accounting period, usually annually or quarterly, and they are an essential tool for investors, creditors, and other stakeholders to evaluate a company's financial health. This blog post will discuss what information can be gathered from a balance sheet.
