The balance sheet is a snapshot at a single point in time of the company's accounts - covering its assets, liabilities and owners' equity. The purpose of the balance sheet is to give users an idea of the company's financial position along with displaying what the company owns and owes.
Everything you need to know about tax if you sell craft online -
Everything you need to know about tax and self-assessment if you're a small creative businesses. Are you registered for self-assessment? Do you need to be? What records should you be keeping? What expenses can you claim?