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ACCOUNTING: BALANCE SHEET

BALANCE SHEET

The Balance Sheet summarizes a business's assets, liabilities, and owner's equity for a specific period of time. The accounting equation and the balance sheet formula are the same. 

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BREAKING DOWN THE BALANCE SHEET

Assets, Liabilities and Owner’s Equity categories are broken down into smaller accounts that breakdown the specifics of a business’s finances. Let’s take a closer look using Investopedia.

 

BALANCE SHEET VIDEO PLAYLIST