Answer / anil sheoran

Balance Sheet is the statement of company's all assets and liabilities. Its a statement of financial position of the company. We shows all the liabilities on the left hand side and all the assets on the right hand side.One can know the financial position of any company by examining the balance sheet.

Answer / shaik suraj

balance sheet is prepared to know the financial position
of the business .
balance sheet is prepared after trading & p&l a/c.
the assets &liabilities will be shown in "t"form assets
on right side liabilities on left side.
it is astatement of assets &liabilities.

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