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posted on 18 Oct 2022
Balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time.
Balance sheet is a snapshot of a company's financial position at a specific point in time
It shows the company's assets, liabilities, and equity
Assets are what the company owns, liabilities are what the company owes, and equity is the difference between the two
The balance sheet follows the accounting...
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