Difference between revisions of "Balance sheet"

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(Created page with "Balance sheet (also known as statement of financial position; hereinafter, the ''Statement'') is a financial statement, as of a particular date, that shows the amount...")
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Revision as of 13:55, 11 December 2018

Balance sheet (also known as statement of financial position; hereinafter, the Statement) is a financial statement, as of a particular date, that shows the amount of assets owned by an organization as well as the amount of claims (liabilities and owner's equity) against these assets.