corporate balance sheet

A corporate balance sheet is like a sort of report card that companies use to keep track of all the money they have. It lists all the things they own (assets) and what they owe (liabilities) in one place. The assets are things like buildings, bank accounts, land, equipment, and money the company has been given by investors. The liabilities are things like overdue bills, debts, and loans the company has taken out. This balance sheet helps business owners and investors see how much money the company has, and how it is doing financially.