What do the beginning and end of the balance sheet mean?

Hello, I'll give you the answer

The balance sheet refers to a statement that reflects the financial status of a company on a specific date.

The balance sheet satisfies the balance formula "Assets = Liabilities + Owners' Equity". Assets, liabilities, and owners' equity are values ??at a point in time, that is, at that moment. For example, the money in your bag keeps changing. You can only say how many RMB you have in your pocket at a certain moment. The same goes for the balance sheet.

In addition, the balance sheet is a comparative statement, that is, it not only contains this year’s data, but also data from previous years, which facilitates the analysis of the balance sheet in financial management!

The beginning balance of the balance sheet ---- refers to the ending balance of the previous year (last year).

The balance sheet at the end of the year ----- refers to the balance at the end of this month of the current year (this year).

The latest balance sheet

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