Balance Sheet | 1 comment Balance Sheet shows financial position or condition of the business a specific point in time. It consists of the assets of a business organization and the claims (internal and external) on those assets. « Back to Glossary Index 1 Comment Sugira fidele on January 25, 2019 at 7:56 am Thank you for your support to accounting. You offer us the quality note. Reply Submit a Comment Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Notify me of new posts by email.