The Enterprise and Economic Development Glossary a resource of the .network library

balance sheet :

... the bottom line financial condition of an enterprise at a point in time presented as total assets equal to total liabilities plus net worth. It's an accounting statement organized as a financial report with a left-hand column showing assets and a right-hand column showing what the enterprise owes. The two columns are balanced at the bottom with figures being equal.

Ohio State University Extension has a small business resource document online offering basic balance sheet information. It's part of OSU's community development services.

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