"Ending amounts on the statement of changes in equity are the same as those on the Balance sheet".
A balance sheet (also called a balance sheet or management report) is a summary of the financial balance of an individual or organization, whether it is a sole proprietorship, partnership, corporation, limited liability company, or other organization such as a government.
Non-profit organizations regardless. Assets, liabilities, and equity are shown as of a specific date. B. At the end of the fiscal year. A balance sheet is often referred to as a "snapshot of a company's financial position."
Of the four basic financial statements, the balance sheet is the only financial statement that relates to a specific point in the financial year.
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