Question

Balence sheet definition ​

Answer 1

Answer:

Balance Sheet is the financial statement of a company which includes assets, liabilities, equity capital, total debt, etc. at a point in time. Balance sheet includes assets on one side, and liabilities on the other. It is the amount that the company owes to its creditors.

Explanation:

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Answer 2

Answer:

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.

Explanation:

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