why net profit will be added to the balance sheet? is there
any reason?
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Answer Posted / madhavi
Balance Sheet represents the financial position of an
organisation. By looking into balance sheet one must be
able to know the financial status of a company..etc.
It contains the information of all the assets and
liabilities.Net profit will be added to the balance sheet
to give a clear picture of the financial position.
| Is This Answer Correct ? | 17 Yes | 12 No |
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