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The Balance Sheet
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The Balance Sheet is a financial snapshot of your assets and liabilities at a point in time. In simple terms, it is the real-time view of what you own and what you owe.
ASSETS
Noun
"An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit."
LIABILITIES
Definition of Liabilities
Noun
"A liability is something a person or company owes, usually a sum of money."
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