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In financial accounting, a balance sheet or statement of financial position is a summary of the financial balances of a sole proprietorship, a business partnership, a corporation or other business organization, such as an LLC or an LLP. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. -- Wikipedia

Understanding Balance Sheet With Financial Ratio - Kayra Excel - Kayr

A balance sheet is a financial statement that provides a snapshot of the financial position of a business on a given date. It summarizes a company’s assets (what it owns), liabilities (what it owes) and shareholders’ equ
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Balance Sheet ACHARYA DESHBHUSHAN COLLEGE OF EDUCATION (B.ED)

ACHARYA DESHBHUSHAN COLLEGE OF EDUCATION (B.ED)
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What is Financial Accounting? It s Features, Objectives, Uses

In 1966, American Accounting Association defined it as, the process of identifying, measuring, communicating financial information to permit judgements and decisions by users of accounts.
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Glossary

See also Nominal accounts and Real accounts
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