Why we call balance sheet a “balance sheet”?

Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter16: Financial Statements And Closing Entries For A Corporation
Section16.3: Preparing A Balance Sheet
Problem 5AYU
icon
Related questions
Question

Why we call balance sheet a “balance sheet”?

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer