what is balace sheet??
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Answer / anil kumar prajapati
A statement of the assets, liabilities, and capital of a
business or other organization at a particular point in time,
detailing the balance of income and expenditure over the
preceding period.
Formula
Assets = Liabilities + Shareholders' Equity
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Answer / usha teja
ITS A FINANCIAL STATEMENT AND NOT AN ACCOUNT.IT REVEALS THE
FINANCIAL POSITION OF THE COMPANY RELATED TO ITS ASSETS AND
LIABILITIES.
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Answer / saumen datta
Balance sheet is the sanp shot of all the assets and liabilities position of the company for a particular accounting year.
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Answer / ayyappa
a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.
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