A statement showing financial position of the business on a particular date. Answer in a word / phrase / term.
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BALANCE SHEET............
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Answer:
Balance sheet
Explanation:
A balance sheet is a statement of a company which contains the summary of personal and real accounts of that company.
It may be defined as a statement which has all the records of a company's capital and property and also records the capital which has been received and which has been paid out.
A balance sheet provides a base for computing the rates of Return and also in evaluating the capital structure of a company.
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