# Statement of Financial Position (Balance Sheet)

> This section covers the Statement of Financial Position (also called the Balance Sheet) for a Grade 10 sole trader. It reports assets, owner's equity and liabilities on a specific date. Prepare it…

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## Full notes

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## More in PREPARATION OF FINANCIAL STATEMENTS

- [Statement of Comprehensive Income (Income Statement)](https://www.hlayiso.com/grade-10/accounting/notes/preparation-of-financial-statements/statement-of-comprehensive-income-income-statement) — Previous section
- [Notes to the Financial Statements](https://www.hlayiso.com/grade-10/accounting/notes/preparation-of-financial-statements/notes-to-the-financial-statements) — Next section
- [All PREPARATION OF FINANCIAL STATEMENTS sections](https://www.hlayiso.com/grade-10/accounting/notes/preparation-of-financial-statements)

## Frequently asked questions

### What will I learn in "Statement of Financial Position (Balance Sheet)"?

This section covers Statement of Financial Position (Balance Sheet) as part of PREPARATION OF FINANCIAL STATEMENTS in Grade 10 Accounting. You'll find clear explanations, worked examples, and key definitions aligned to the CAPS curriculum.

### Is this section aligned with the CAPS curriculum?

Yes. All notes on Hlayiso, including "Statement of Financial Position (Balance Sheet)", are written against the official CAPS curriculum and ATP for Grade 10 Accounting.

### What should I study after "Statement of Financial Position (Balance Sheet)"?

Continue with the next section in PREPARATION OF FINANCIAL STATEMENTS, or test your understanding with the interactive quiz linked to this section.

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