Question

What is important of balance sheet . explain it..?​

Answer 1

Answer:

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The purpose of a balance sheet is to give interested parties an idea of the company's financial position, in addition to displaying what the company owns and owes. It is important that all investors know how to use, analyze and read a balance sheet. A balance sheet may give insight or reason to invest in a stock.

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Answer 2

Answer:

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Explanation:

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

The balance sheet provides a snapshot of a company's assets, liabilities, and equity at the end of an accounting period. These three categories allow business owners and investors to evaluate the overall health of the business, as well as its liquidity, or how easily its assets can be turned into cash.

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