define balance sheet?
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A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity. ... The balance sheet is a snapshot, representing the state of a company's finances (what it owns and owes) as of the date of publication
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financial accounting, a balance sheet is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity.
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