Question

What is a balance sheet and why it is important to investors and creditors

Answer 1

Answer:

Also called a statement of financial position, a balance sheet shows what your company owns and what it owes through the date listed, as Accounting Coach stated. It displays this information in terms of your company's assets, liabilities, and equity.

Answer 2

Explanation:

A balance sheet shows what your company owns and what it owes through the date listed, as Accounting Coach stated. It displays this information in terms of your company's assets, liabilities, and equity.