Question

A statement similar to Balance Sheet. Answer in a word / phrase / term.

Answer 1

Hey mate ✌️✌️


A statement similar to Balance Sheet ⤵️⤵️⤵️

(Statement of affairs)

Answer 2

Answer:

As per the question

A statement similar to Balance Sheet

Balance sheet is a report which shows in a statement form the relationship between assets, liabilities and owners equity at a point in time

* To determine what the warranty reserve should be

* To determine what the service agreement reserve should be

* To determine the value of money

* To determine the how company profits compare to the owner' s investment

* The Income statement focuses on company profitability. the balance sheet on the overall health of the company.

* The balance sheet provides key financial information for management in terms of financial ratios.