Interpretation Of Balance Sheets

  1. The Balance Sheet is a Financial Statement showing the position of the assets, liabilities, and owner’s equity at a particular date.
  2. The Balance Sheet summarizes the financial position of a business on a given date.
  3. Balance Sheets Interpretation is useful to bankers, creditors and even the owners or business managers themselves to assess the business’s ability to repay the debt immediately.
  4. The following is the Balance Sheet of the Company Intan Enterprise on December 31, 1998.