What is a Balance Sheet? — Assets, liabilities, equity
A balance sheet is a financial statement showing the assets, liabilities and equity of a business at a specific date. The fundamental equation: Assets = Liabilities + Equity.
Definition
A balance sheet is a financial statement showing the assets, liabilities and equity of a business at a specific date. The fundamental equation: Assets = Liabilities + Equity.
Details
Assets include: non-current (property, equipment, intangibles) and current (inventory, receivables, cash). Liabilities: long-term and short-term obligations. Prepared annually as part of the annual accounts and submitted to the Central Registry.
Example
DOOEL 'Code Plus' at 31.12.2025: Assets — 2.5M MKD (equipment 1M + receivables 800K + cash 700K). Liabilities + Equity — liabilities 500K + equity 2M = 2.5M MKD.