Question

hey guys good morning
formate to balance sheet? ​

Answer 1

Explanation:

Balance Sheet is one of the reports of a financial statement which provides the financial condition on a given date. An entity’s balance sheet provides a lot of information which can be used to analyse the financial stability and business performance. The balance sheet is a report version of the accounting equation that is balance sheet equation where the total of assets always is equal to the total of liabilities plus shareholder’s capital.

Assets = Liability + Capital

Investors and creditors generally look at the balance sheet and infer as to how efficiently an entity can use its resources and assess the value of their investments.

The three important sections of any balance sheet are:

Assets – This is a resource owned by an entity to produce positive economic value.

Liabilities – This provides a list of debts an entity owes to others.

Capital or Equity- This is the amount invested by the shareholders