# Balance Sheet

*Professional & Ethics — Finicade finance glossary*

A snapshot of what a company owns and owes at a moment in time — assets on one side, liabilities and equity on the other, always balancing. One of the three core financial statements.

**Related terms:** [Income Statement](https://finicade.com/glossary/income-statement), [Assets and Liabilities](https://finicade.com/glossary/assets-and-liabilities), [Financial Statements](https://finicade.com/glossary/financial-statements)

**Taught in:** Charter Climb — Statements & the Reporting System

Source: https://finicade.com/glossary/balance-sheet