A balance gives a statement of abusiness's assets , liabilities and shareholders equity at a specific point in time. They offer a snapshot of what your business owns and what it owes as well as the amount invested by its owners, reported on a single day.
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Answer:
A balance gives a statement of abusiness's assets , liabilities and shareholders equity at a specific point in time. They offer a snapshot of what your business owns and what it owes as well as the amount invested by its owners, reported on a single day.