Which balance sheet is ideal

Question

Accepted Answer

An ideal balance sheet should accurately reflect the financial position of a company and provide relevant information to stakeholders.

An ideal balance sheet should be prepared in accordance with accounting standards and regulations.
It should present a true and fair view of the company's assets, liabilities, and equity.
The balance sheet should be well-organized and easy to understand.
It should include all relevant financial information, such as cash, accounts receivable, inventory, long-term debt, and shareholders' equity.
The balance sheet should be balanced, with total assets equaling total liabilities and equity.
Comparative balance sheets can provide useful information about the company's financial performance and trends over time.

Accepted Answer

Balance sheet having low debt, good profit,more assets in fixed form and good liquid

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