A balance sheet is a type of financial statement. It gives you an overview of a company’s financial status at a specific point in time, including what the company owns, what it owes and how much ...

Format of a Financial Statement. There are three types of financial statements for businesses: income statement, balance sheet and cash flow statement. Each of these financial statements shows a ...

A balance sheet includes a summary of a business’s assets, liabilities, and capital. Learn what a balance sheet should include and how to create your own.

For example, if a sole proprietor's balance sheet has Dec. 1, 2012, as its date, that balance sheet describes that sole proprietor's resources and obligations at the end of that date in time.

Accountants weigh new balance sheet format Claude Solnik // December 15, 2011 // ...

Balance Sheet Example Balance sheets can look different from one company to the next, depending on what kinds of assets and liabilities it has. Here is a sample balance sheet: Assets ... Liabilities ...