what is blancesheet
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hiiii mate here is the 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.
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Balance Sheet is part of any financial statement which provides a snapshot of entity’s financial condition on a given date.
Or we can also say that
A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure.......
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