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Balance sheet – A financial statement that shows on organizations assets, liabilities, and equity at a specific point in time. Balance
sheets are never for periods of time only compiled as of a specific date, usually month end, quarterly, year end, or also at fiscal year end.
sheets are never for periods of time only compiled as of a specific date, usually month end, quarterly, year end, or also at fiscal year end.
| Accounting and Finance Terminology |
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