Question

What is a Balance Sheet?
And advantages of balance sheet?​

Answer 1

Answer:

A balance sheet succinctly lists your assets and liabilities in one place. Current and long-term assets reflect your ability to generate cash and sustain operations. In comparison, short- and long-term debts prioritize your business's financial obligations.

Answer 2

Answer:

In 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.

1.It Determines Risk and Return. A balance sheet succinctly lists your assets and liabilities in one place. ...

2.It Can Be Used to Secure Loans and Other Capital. ...

3.It Provides Helpful Ratios.

hope it will help you ✌️