Register now or log in to join your professional community.
A) Measure the company's performance over a period of time
B) Make sure that the company's assets and the company's liabilities "balance"
C) Determine taxes owed or not owed
D) Show the company's value as of a given point in time
E) Determine if the company will have enough cash to operate properly
Errr ... none of these.
It is simply a statement of the company's assets and liabilities, at the close of business on the stated day, according to the chosen accounting standards.
The "balance" part is basically a type of "checksum" that is part of commonly accepted accounting standards - it really just makes it easier to spot a mistake.
The company's "value" is given by its stock market valuation, not by the balance sheet.
Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.