Balance Sheet with Financial Ratio

One of the most salient features of every business is its financial aspect. Managing assets, liabilities, profits and losses is crucial to success. The growth of a business cannot be determined unless a proper record is maintained for its finances. This area must be organized before a company can thrive. Accountants are hired for this purpose. They are entrusted with the critical job of maintaining financial statements. The most useful of such statements is a balance sheet. Its vital functionality is appreciated by every business owner and accountant. In fact, it is one of the three major financial statements maintained…