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What is balance sheet?

0 143 Views | Posted 8 years ago
Asked by Pappu Pandit

  • 2 Answers

  • Shiksha Ask & Answer

    Answered by

    Nandini Sathyan An animal lover.

    8 years ago
    A balance sheet is a classified summary of the balances remaining open in a set of books after preparing trading and profit and loss account.
  • Shiksha Ask & Answer

    Answered by

    mudit h | Contributor-Level 8

    8 years ago
    A balance sheet is a financial statement that summarizes a company's assets, liabilities and shareholders' equity at a specific point in time. These three balance sheet segments give investors an idea as to what the company owns and owes, as well as the amount invested by shareholders.

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