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The balance sheet presents a company's financial position at a specified date by summarizing its assets, liabilities, and shareholders' equity. It reflects the company's financial position at a moment in time, showing what the company owns and owes, as well as the amount invested by shareholders. The balance sheet must follow the equation that assets equal liabilities plus shareholders' equity. This template is intended to provide minimum financial information required by lenders, tax authorities, and investors by having users fill in white cells with financial data.
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You can use the example to fill in and manage your balance sheets better
The balance sheet presents a company's financial position at a specified date by summarizing its assets, liabilities, and shareholders' equity. It reflects the company's financial position a…