Business Studies, asked by yadavdinesh95323, 5 months ago

balance sheet is not an account ,it is only list of balances. explain it.

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Answered by kaushikameera9

Answer:

asset liabilities and ownership equity or listed as of a specific date such as the end of its financial year of the four basic financial statements the balance sheet is the only statement which applies to a single point in time of a business calendar year.

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