balance sheet is also known as


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  • WordReference English Thesaurus © 2024.
    Synonyms: annual report, budget , statement , assets and liabilities, ledger , report , bank statement, accounts ledger, log , logbook.

  • What is balance sheet audit also known as?

    Yearly statutory audit is termed as balance sheet audit.
    Balance Sheet Audit is done with a view to review all the items of Balance Sheet which includes all the assets and liabilities.
    This includes physical verification and valuation of assets too.

  • What is the balance sheet also called?

    The balance sheet displays the company's total assets and how the assets are financed, either through either debt or equity.
    It can also be referred to as a statement of net worth or a statement of financial position.

  • Overview: The balance sheet - also called the Statement of Financial Position - serves as a snapshot, providing the most comprehensive picture of an organization's financial situation. It reports on an organization's assets (what is owned) and liabilities (what is owed).
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