Question

Not to give correct information to the shareholders regarding balance sheet is​

Answer 1

Answer:

Here is ur ans

Explanation:

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. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders.

Answer 2

Answer:

The secret reserve is the capital that is not shown on the balance sheet.

Explanation:

• The amount that undervalues an organization's assets or overvalues its obligations is known as a hidden reserve.
• Assets or liabilities that do not display on a company's balance sheet are known as off-balance sheet (OBS) items.
• They are still the company's assets and liabilities even though they are not listed on the balance sheet.
• The assets and liabilities of a corporation are disclosed in the balance sheet.
• This might comprise short-term assets like cash and accounts receivable or long-term assets like property, plant, and equipment, depending on the business.

The balance sheet solely shows the ending retained earnings, which are simply referred to as "retained earnings.

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