What is Balance Sheet

Every business entity prepares a balance sheet at the end of each year, and most of the companies prepare at the end of the month. The purpose of balance sheet is to give a clear picture of financial position of a business or entity. Balance sheet consists of the...

How to Make Balance Sheet

Balance sheet is statement of the total assets and liabilities of an organization at a specific point in time. It is often described as snapshot of a company’s financial condition. Standard balance sheet consists of three parts i.e. Assets, Liabilities and...
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