Assertion: balance sheet | /r/CapableOf | report equity
Facets:
value: at a single moment in time
type: TEMPORAL
Source sentences:
text: It reports a company’s assets, liabilities, and equity at a single moment in time.
text: It is called the Balance Sheet because it reports on Asset, Liability, and Equity accounts, and is meant to show that these three accounts balance according to the accounting equation:
text: A balance sheet reports the company’s assets, liabilities and equity at any given point of time whereas the profit and loss statement will report the profit made by the company.