HORTICULTURE

Detailed explanation-1: -A balance sheet is a financial statement that reports a company’s assets, liabilities, and shareholder equity. The balance sheet is one of the three core financial statements that are used to evaluate a business. It provides a snapshot of a company’s finances (what it owns and owes) as of the date of publication.

Detailed explanation-2: -Statement #2: The balance sheet It’s called a balance sheet because both sides of the equation must balance: assets equal liabilities plus stockholders’ equity. The balance sheet displays: The portion of those assets financed with debt (liability)

Detailed explanation-3: -To calculate your net worth, you subtract your total liabilities from your total assets. Total assets will include your investments, savings, cash deposits, and any equity that you have in a home, car, or other similar assets. Total liabilities would include any debt, such as student loans and credit card debt.