True. A balanced sheet is a financial statement of the company, that’s report about the company’s assets, liabilities and shareholder equities.
It’s provide an insight of the company’s finances ( what is owns and owes ) as the date of publication. The balance sheet is made at year – end on a specific date. It’s shows the financial position of the business or company on a specific date, the assets and liabilities shows the performance of the company financially. In which asset refers to what the company owns and liabilities refers to what the company owes. It’s one of the three core financial statements for the evaluation of a business or company.
To know more about the balance sheet, you can visit this link below: https://brainly.com/question/13161872
#SPJ4
