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A balance sheet, also called a "statement of financial position", reveals a company's assets, liabilities and owners' equity (net worth). The balance sheet, together with the income statement and cash flow statement are used to identify/gauge a company's financial status or position. If you are a shareholder of a company, it is important that you understand how the balance sheet is structured, how to analyze it and how to read it.

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What is the balance sheet equation?

balance sheet is a record of debit and credit entry of account in order to obtain the net profit of the business.


Difference between balance sheet and consolidated balance sheet?

Simple balance sheet provides information of one single company only while consolidated balance sheet provides the information of parent as well as child company as a single financial statement.


What information is entered on the third line of the heading of a balance sheet?

The date The first is the person/ company who you are doing the balance sheet for, and the second is the title "Balance Sheet"


What information is reported on the balance sheet?

Assets and Liabilities.


What is the balance sheets?

balance sheet is a record of debit and credit entry of account in order to obtain the net profit of the business.


Why contingent liabilities are not included in the balance sheet?

Contingent liabilities is there in the balance sheet but not really there as It can give misleading information about the condition of the company.


Is earnings per share found on income statement or balance sheet?

Earning per share information is shown in income statement and not shown in balance sheet of business.


What information is contained in a balance sheet that is not in an income statement?

costs


Why it is impossible for a balance sheet to be out of balance and to be incorrect?

the balance sheet must tally at the end. Other wise it is shown what ever the information give might be wrong or. Calculation is wrong.


Is Loan on balance sheet or off balance sheet?

Loan is on balance sheet


By which information about performance is disclosed?

Balance Sheet & Statement of Cash flows


Is a balance sheet data?

no,this information because it is clear to every one