Balance sheet
Accounting financial summary
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Federal Reserve (1) · Scott Bessent (1) · Balance Sheet (1) · Treasury Department (1) · Quantitative Tightening (1) · Monetary Policy (1) · Financial Markets (1)
📖 Key Information
In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, a private limited company or other organization such as a government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. A balance sheet is often described as a "snapshot of a company's financial condition".
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People and organizations frequently mentioned alongside Balance sheet:
- 🌐 Department of the Treasury (1 shared articles)
- 🏢 Federal Reserve (1 shared articles)
- 👤 Scott Bessent (1 shared articles)