English, asked by srithasrath, 8 months ago

what are the example of assets given that goodwill, trade payable, bank overdraft, long term provision​

Answers

Answered by Shanaia015
0

It shows the sources of the fund (liabilities and capital) and also the application of such funds (i.e. Assets). The total amounts of both the liabilities on balance sheet and assets on the balance sheet must match because of the accounting equation (Assets = Liabilities + Capital).

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