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Free balance sheet template

What is a balance sheet?

A balance sheet is one of the three primary financial statements used in accounting, along with the income statement and cash flow statement. It provides a summary of a company’s assets, liabilities, and shareholders’ equity, also known as net worth or book value.

The balance sheet follows the basic accounting equation: Assets = Liabilities + Shareholders’ Equity. This means that the total assets of a company must equal the sum of its liabilities and shareholders’ equity.

 

balancesheet

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