What is a Balance Sheet?
Cfefinances
A balance sheet reports what a company owns (assets), what it owes to creditors (liabilities), and what is left over for the owners (stockholders' equity) at a specific point in time. It follows the fundamental accounting equation: Assets = Liabilities + Stockholders' Equity.
It's the financial statement that snapshots a company at one moment in time. It lines up what the company owns against what it owes, with the owners' stake making up the difference.