Accountancy, asked by knarke389, 10 months ago

what is balance sheet ?​

Answers

Answered by Nurmina
1

Answer:

A balance sheet (also called the statement of financial position), can be defined as a statement of a firm's assets, liabilities and net worth. It provides a snapshot of a business at a point in time. ... It got its name as assets minus liabilities (net assets) must equal the owner's equity (they must balance).

Answered by TGYU780
1

Answer

a written statement showing the amount of money and property that a company has, and how much has been received and paid out

Explanation:

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