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Balance Sheet A statement of an organisation’s overall financial position at a single point in time (e.g. the end of a month or the end of a year). The balance sheet must balance i.e. the total Assets less the total Liabilities much equal the Capital Employed.
Capital Employed The value of an organisation’s funding. This is shown on the Balance Sheet and will be made up of any initial funding, reserves, revaluation and other funds (e.g. restricted or endowed funds). The total Assets less the total Liabilities on the balance sheet must equal the Capital Employed.
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