What is a balance sheet?
A balance sheet is a financial statement that provides a snapshot of a company’s financial position at a specific point in time. It outlines a company’s assets, liabilities, and shareholders’ equity, providing valuable insights into its financial health and liquidity.
![What is a balance sheet? What is a balance sheet?](https://conta.com/wp-content/uploads/sites/39/2024/04/Balance-Sheet.jpg)