It is a main statement of Acconut ,the statement has 
display Actual Economic Possition of the company. what is 
the our actual Assets & Liabilities & what is the Ratio of 
Profit & loss comperation previous year.

It is a statement of assets and liabilities.It is always 
prepared at the end of financial period to know the 
financial status of the business concern.In foreign 
countries assets are shown in left hand side liabilities 
are shown in right hand side.

Balance sheet shows financial statement as on a particular 
date. it is a statement of assests   & liabilities.

Balance Sheet is a complete Financial statemant of a 
particular company for the year ended ,It showes the 
Financial status of the company

Balance sheet is a statement which shows profit & loss of a 
company at the ending of the financial year

Balance sheet is a statement which depict the financial 
position of the concern as on particular date.It is 
considered with ASSETS, LABITIES,CAPITAL.It shows the 
position of concern,thus it is also called as "POSITION 
STATEMENT"

Balance sheet is a financial state ment of any organisation 
or firm. it shows the financial condition of the 
organisation and also shows the buisness ir running well or 
not, so we can say that the balance is a financial 
representer of organisation .

Balance sheet is a financial statement which shows the true
position of the assets and liabilities during a particular
trading period.

Balance sheet presents assets, liabilities and owner's 
equity at a specific date. A balance sheet is also called 
Statement of Financial Position.