A balance sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholder's equity. A balance sheet is a type of financial statement. It gives you an ...

Accumulating a deficit is the opposite of accumulating gain. It means that over time, the business's debts are greater than the earnings reported on the balance sheet. Suppose your business earned a ...

A balance sheet displays what a company owns, what it owes, how it's financed, and its shareholders' equity at a particular point in time. An income statement displays the company's revenues and ...