Finance & Accounting
Balance Sheet
Statement of an entity's financial position — assets, liabilities and equity — at a specific date.
What it means
Assets = Liabilities + Equity is the fundamental accounting equation. The balance sheet shows everything the business owns, owes and the net worth of the shareholders at a point in time. Required under Schedule III of the Companies Act 2013 in a prescribed format.
How Easedesk handles Balance Sheet
Easedesk produces balance sheets in Schedule III format, drillable to ledger level. Comparative views (this year vs last year, this quarter vs last quarter) are built in.
Related terms
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