S
Simran Payaal@payaalsimran
What is a Balance Sheet? A balance sheet is a financial snapshot of a company at a specific date. Formula: Assets = Liabilities + Shareholders' Equity Component What it shows Assets What the company owns (cash, inventory, property) Liabilities What it owes (loans, payables) Equity Shareholders' stake (capital + retained earnings) Check it to assess financial health — is the company asset-rich or debt-heavy?

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