A balance sheet is the only one of the four statements that show results as of a specific date, not a time period. It records assets, liabilities, and ownership equity. A statement of changes in equity shows changes from one time period to the next, including the owners’ equity, dividends paid, surplus profit, etc.
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A balance sheet is the only one of the four statements that show results as of a specific date Bookkeeping Services Calgary, not a time period.It records assets, liabilities, and ownership equity. A statement of changes inequity shows changes from one time period to the next, including the owners’ equity, dividends paid, surplus profit, etc.
