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A/R Finance & Factoring Terms GLossary

What isBalance Sheet

A Balance Sheet is a financial document showing a company’s assets, liabilities and shareholders’ equity at a specific date; for instance at a month, quarter or year-end. The profit is shown on the bottom of the Income or P&L Statement should ALWAYS match the profit on the bottom of the corresponding Balance Sheet. Most importantly, one without the other is near worthless.

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