Question

Give a specimen of the balance sheet with imaginary figure

Answer 1

Answer:

A Balance sheet may be defined as " a statement draw upon a given date , generally at the end of each accountdary year to measure the exact financial position of a business settings forth the various assets and liabilities of the concern at this date."

Answer 2

Answer:

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Explanation:

The new format of the balance sheet is also called “vertical format balance sheet” and it lists the equities and liabilities on the top followed by the assets at the bottom.