Question

define balance sheet? what do you mean by marshalling and grouping of balance sheet ?

Answer 1

A  statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period

Answer 2

balance sheet is financial statements of a company which includes assets,liabilities,equality capital,total depth etc.at a point in time.Balance sheet includes assets on one side and liabilities on other.they can be divided into current as well as non-current assets or long assets.
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