colinpurce colinpurce
  • 02-11-2020
  • Business
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What is a balance sheet? How does it support business?

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ironics
ironics ironics
  • 02-11-2020
A balance sheet is a summary of all of your business assets (what the business owns) and liabilities (what the business owes). At any particular moment, it shows you how much money you would have left over if you sold all your assets and paid off all your debts (i.e. it also shows 'owner's equity').
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