- The Balance Sheet is a Financial Statement showing the position of the assets, liabilities, and owner’s equity at a particular date.
- The Balance Sheet summarizes the financial position of a business on a given date.
- 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.
- The following is the Balance Sheet of the Company Intan Enterprise on December 31, 1998.









