timer Asked: Jul 12th, 2013
account_balance_wallet $5

Question Description

What is the significant of a balance sheet to a business.

Tutor Answer

School: Carnegie Mellon University

Some sort of financial declaration of which summarizes some sort of businesses resources, liabilities and shareholders' collateral at a particular stage. Most of these a few equilibrium bed sheet sections provide investors a thought as to what the corporation is the owner of and owes, and also the sum put in through the investors.

The balance sheet ought to stick to the following formulation:

Resources = Debts + Shareholders' Value.

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