F. BALANCE SHEET
Shows the condition of the business as of a fixed date. It is a picture of your firm's financial
Condition at a particular moment and will show you whether your financial position is strong or weak. It is usually done at the close of an accounting period.
- Contains: (1) Assets, (2) Liabilities and (3) Net Worth.
You may also be required to supply your lender with a projected Balance Sheet if you are a new business.