Question

what is balance sheet.explain it's important.​

Answer 1

Explanation:

a written statement showing the amount of money and property that a company has, and how much has been received and paid out

The purpose of a balance sheet is to give interested parties an idea of the company's financial position, in addition to displaying what the company owns and owes. It is important that all investors know how to use, analyze and read a balance sheet. A balance sheet may give insight or reason to invest in a stock.

Answer 2

Answer:

A balance sheet, along with the income and cash flow statement, is an important tool for investors to gain insight into a company and its operations. ... The purpose of a balance sheet is to give interested parties an idea of the company's financial position, in addition to displaying what the company owns and owes.

Explanation:

I just hope it's helpful for you.....