Balance Sheet

 

A Balance Sheet is a financial statement that reports a firm's financial position at a specific time. The term balance sheet implies that a report shows the balance between two figures. It shows a balance between the assets and liabilities of a firm and the owner's funds. The fundamental accounting equation applicable is therefore, Assets = Liabilities + Owner's Equity.

 

Balance Sheet: Main Menu > Balance Sheet > Balance Sheet- Balance Sheet Groups.

 

Before generating the report, a Report Viewer will appear, as shown earlier, where user can select the configuration and can specify the date and other details for the report.

 

Press F2 to create the report and below given window is the view of Balance Sheet report.

 

If user wants print view of report or user have to convert the report in some other format then user can check the Buttons In Report given in the tool bar.

 

 

Fig 1. Balance Sheet

 

---