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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…
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sheet balance assets liabilities equity businesses financial accounting year substantiation business end current also capital process cash statement company net
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Balance sheet | is a | only statement that applies to a single point in time of a business's calendar year.A standard company balance sheet typically lists assets | 0.90 | text |
| Balance sheet | is a | very brief example prepared in accordance with IFRS | 0.90 | text |
| a government or not-for-profit entity | instance of | a private limited company or other organization | 0.80 | text |
| cash in checking accounts | instance of | for comparison.PersonalA personal balance sheet lists current assets | 0.80 | text |
| savings accounts | instance of | for comparison.PersonalA personal balance sheet lists current assets | 0.80 | text |
| long-term assets such as common stock | instance of | for comparison.PersonalA personal balance sheet lists current assets | 0.80 | text |
| real estate | instance of | for comparison.PersonalA personal balance sheet lists current assets | 0.80 | text |
| current liabilities such as loan debt | instance of | for comparison.PersonalA personal balance sheet lists current assets | 0.80 | text |
| mortgage debt due or overdue | instance of | for comparison.PersonalA personal balance sheet lists current assets | 0.80 | text |
| and long-term liabilities such as mortgage | instance of | for comparison.PersonalA personal balance sheet lists current assets | 0.80 | text |
| other loan debt | instance of | for comparison.PersonalA personal balance sheet lists current assets | 0.80 | text |
| cash | instance of | Personal net worth is the difference between an individual's total assets and total liabilities.US small businessA small business balance sheet lists current assets | 0.80 | text |
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