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What financial statement lists a company's assets liabilities and owner's equity as of a specific date is called?
Wiki User
∙ 8y ago
A Balance Sheet, also sometimes referred to as a Statement of Financial Position.
Jacinthe Jakubowski
Wiki User
∙ 10y agoA Balance Sheet, also sometimes referred to as a Statement of Financial Position.
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What is a balanced sheet?
Balance sheet is a financial statement. Which shows the total assets, total liabilities and total owner equity a firm has. Further more, balance sheet shows a firm's financial position on a specific date. Balance sheet has an equation: Assets = Liabilities + Owner Equity.
What is the difference between balance sheet and financial statement if there is any........?
Balance Sheet: Balance sheet is the financial picture of an organization on a given day. while financial statement is a broader term and it can be for a very long time. financial statment is a formal record of business financial activities. it can be a day. month a year or so on. while balance sheet is just a part of a financial statement. in short balance sheet is also a finanaical statement. but finanacial statement can not be balance sheet..
Why net profit shown liabilities side in balance sheet?
Net profit is not shown on the liabilities side of the balance sheet. Net profit is shown on the income statement as a measure of a company's profitability over a specific period. The balance sheet, on the other hand, presents a company's financial position at a specific point in time, showing its assets, liabilities, and equity.
What is common size balance sheet?
A common size balance sheet is a type of standardized financial statement that completely lists all of a firms specific assets, liabilities, and equity claims as a percentage of a firms total assets.
What is financial statement that summarizes the revenues and expenses for a specific period of time?
income statement
What are the different accounting reports?
-statement of financial position, -statement of profit and loss and other comprehensive income, statement of cash flows, -statement of change in equity, -Notes to the account
What is the name of the financial statement that compares your income to expenses?
'Income Statement' is the financial statement which compares the business incomes with its expenses using matching principle for specific period of time
What is an income statement?
Income statement is financial statement which shows all incomes and expenses for specific fiscal year and net profit or loss for specific fiscal year.
WHAT IS A FINANCIAL STATEMENT THAT SUMMARIZES THE REVENUE AND EXPENSES FOR SPECIFIC PERIOD?
skuks as
What is the financial statement that reports accounting data at a specific date?
balance sheet
Which financial statement that reports accounting data at a specific date is the?
Balance Sheet
What financial statement that summarizes the revenue and expensed for a specific period of time?
skuks as
