Witty Innovations Consult

Witty Innovations Consult

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Business Planning
Business Sustainability and ESG support
Business Systemization
Fund Raising

25/01/2024

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Photos 08/11/2023

UNDERSTANDING BUSINESS FINANCE (3)

The Balance Sheet:
The balance sheet is a snapshot of your company's financial position at a specific point in time, often at the end of a quarter or fiscal year.

It consists of three main components: assets, liabilities, and equity.

The equation that connects these components is: Assets = Liabilities + Equity

The balance sheet provides a clear picture of your company's financial health, showing what it owns (assets) and what it owes (liabilities), with the remaining value belonging to the owners (equity).

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Ho Bankoe
Ho
00233

Opening Hours

Monday 07:00 - 17:00
Tuesday 07:00 - 17:00
Wednesday 07:00 - 17:00
Thursday 07:00 - 17:00
Friday 07:00 - 17:00
Saturday 09:00 - 14:00