The statement Which shows the financial position of business at the specific period of time is known as balance sheet. A balance sheet shows the position of a company's assets, liabilities and owner/shareholders equity at a specific point of time. As accounting equation, it shows the company's total value of assets are equal to value of liabilities plus owner/shareholders equity.
Showing posts with label Balance Sheet. Show all posts
Showing posts with label Balance Sheet. Show all posts
Friday, April 1, 2016
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