Balance sheet statement me organization ka kya disclose kiya jata he
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assets and liabilities
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Balance sheet is a statement prepared for the year ended.
It shows the financial status of the business entity.
Assets contains of current and Non current assets.
Liabilities are contain the owners equity, long term debt and current liabilities.
Explanation:
Assets and liabilities termed as current as the economic benefits or dues are paid less than period of 12 months.
Assets and liabilities termed as Non- Current are which yield value or to be paid in more than a period of 12 months.
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