List people or organizations who might make use of a balance sheet. W

QUESTION

List people or organizations who might make use of a balance sheet.

What will be an ideal response?

ANSWER

Businesses use financial statements, including the balance sheet, to get a complete picture of how well a business is performing. Company leaders, investors, and employees can also use a balance sheet to try to answer questions about the future of a company. Individuals can also use a balance sheet to manage their personal finances.