BALANCE SHEET

Balance Sheet

Balance Sheet

Balance Sheet

In financial accounting, a financial statement or a balance sheet is a summarized form of the financial balances of a company, a partnership or a sole proprietorship. It is important to obtain information through this list of financial liquidity, especially over the economic union with certain financial ratios, and includes the following main elements. (Epstein, 2007)

A - Assets

B - Liabilities

C - Stockholders Equity

Daily accounting operations involving elements of this list and other lists, are recorded in the journal, and migrated to what is called the general ledger, and then to the trial balance, up to ...