Balance Sheet Report: Difference between revisions
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The [[Balance Sheet Report]] indicates the overall financial position of the business at a point in time (i.e. the reporting date). | The [[Balance Sheet Report]] indicates the overall financial position of the business at a point in time (i.e. the reporting date). | ||
The report is the total of all Balance Sheet | The report is the total of all [[Balance Sheet Accounts]] from the start of the financial year to the reporting date and shows: | ||
* [[Financial Assets]] | * [[Financial Assets]] | ||
* [[Financial Liabilities]] | * [[Financial Liabilities]] | ||
Revision as of 17:13, 20 April 2017
The Balance Sheet Report indicates the overall financial position of the business at a point in time (i.e. the reporting date).
The report is the total of all Balance Sheet Accounts from the start of the financial year to the reporting date and shows:
The total of these major sections should be zero.