# Balance sheet

> Balance sheet — Assets, liabilities and equity at a point in time, proving the accounting equation.

Source: https://lopifi.com/glossary/balance-sheet
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is balance sheet?** In accounting, balance sheet means assets, liabilities and equity at a point in time, proving the accounting equation.

## Words this system refuses for it

- statement of position in US copy (IFRS: statement of financial position)

- **Category:** Statements
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Rendered by:** [balance-sheet](https://lopifi.com/md/components/balance-sheet), [account-tie-out](https://lopifi.com/md/components/account-tie-out), [cash-flow-statement](https://lopifi.com/md/components/cash-flow-statement), [statement-table](https://lopifi.com/md/components/statement-table)
- **Related:** accounting-equation, equity