GradeGen

A financial statement showing a business’s assets, liabilities and equity at a particular date; also called a balance sheet.

The statement of financial position, also called the balance sheet, answers: what does the business own and owe at a particular date?

A financial statement showing a business’s assets, liabilities and equity at a particular date; also called a balance sheet.

The statement of financial position, also called the balance sheet, answers: what does the business own and owe at a particular date?

Statement of financial position