Accountancy, asked by jananirajan580, 4 months ago

Mention the two uses of balance sheet

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Answered by hafizurrahman965

6

Answer:

The purpose of the balance sheet is to reveal the financial status of a business as of a specific point in time. The statement shows what an entity owns (assets) and how much it owes (liabilities), as well as the amount invested in the business (equity).

Explanation:

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