Business Studies, asked by shashi2265, 5 months ago

Question 11 : Balance sheet is prepared to know

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Answered by rekharani48
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Answer:

The balance sheet is prepared in order to report an organization's financial position at the end of an accounting period, such as midnight on December 31. A corporation's balance sheet reports its: Assets (resources that were acquired in past transactions) Liabilities (obligations and customer deposits)

Explanation:

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