How to Read a Balance Sheet

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A balance sheet is a report that shows what a business owns versus what it owes. You must produce a balance sheet at the end of each financial year, in order to meet your business’ legal (or statutory) obligations. This video explains the different types of assets and liabilities and provides examples of the types of items your business may need to include.
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These videos are intended as a general guide only. Please consider what is best for your business. If you require further information specific to your business needs, please speak to your professional advisor/s