please write an अन`छद and please answer if you know. if you post Irrelevant answers thhen I will report your 10 question and 20 answer. if your answer is correct I will be thankfull to you
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The statement of financial position also known as a Balance Sheet represents the Assets, Liabilities and Equity of a business at a point in time.
For example:
Assets include cash, stock, property, plant or equipment – anything the business owns. Liabilities are what the business owes to outside parties, eg. suppliers, bank or business loans. Equity is the remaining proportion of the owner’s financial interest in the business after deducting any liabilities from the total assets in the business.
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