The essence of the balance sheet as an element of the accounting method

The balance sheet is one of the most important sources of information about the financial condition of an organization, in addition, it plays an important role in the business activities of any organization, which means it is the most important form of reporting among all existing ones. A detailed study of the balance sheet is indisputably relevant, because it is a key element of accounting reporting. Its data server to identify the most important indicators that characterize the activities of the organization and its financial situation.