What is purpose of balance sheet?
Balance sheet shows a company's financial position at a specific point in time.
It lists a company's assets, liabilities, and equity.
It helps investors and creditors evaluate the financial health of a ...read more
We can get correct calculation in balance sheet.
A balance sheet's function is to give a quick overview of an entity's financial situation at a particular moment in time. Along with the income statement and cash flow statement, it is one of the thre...read more
The purpose of Balance Sheet is that showing the perfect position of the respective organisation. So that the outsider can easily understand the company's risk profile.
The purpose of balance sheet we get correct calculation,,,,
We can get correct calculation in balance sheet
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