Question

3) Why prepare Balance sheet A To find Pinancial I position B) To Pind net profit o To Powend capital​

Answer 1

Explanation:

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders.

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Answer 2

Explanation:

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