Accountancy, asked by devanshdeb2006, 8 months ago

What balance sheet .....

Answers

Answered by bhavanibhavs040

Answer:

a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.

Explanation:

It is prepare to to know the financial position of the business

it is prepared on the particular day

it is prepared with the balance of personal and real account that assets and liabilities

balance sheet is an statement not an account

Answered by Nehaa48

Explanation:

$\huge\star\underline\mathtt\red{Answer:-}$ $<body bgcolor="yellow"><font color= "black">$ A statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period is called as balanced sheet.

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