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What is Balance Sheet?
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Answer / naveen meharshi
Balance sheet is a snap shot of Financial situation of any company for a particular period....
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Answer / arun
the main object of preparing balance sheet is "to know the
source of the funds i.e called as liablities and application
of funds i.e assets
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Answer / sagar pendse
Balance sheet is an document which shows the company
financial position. It means profit & loss, Assets &
liability,Next year opening balance. It help to decide the
financial plan & short term goal,
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Answer / arunkumar
In financial accounting, a balance sheet or statement of
financial position is a summary of a person's or
organization's balances. Assets, liabilities and ownership
equity are listed as of a specific date, such as the end of
its financial year. A balance sheet is often described as a
snapshot of a company's financial condition.
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Example for extra ordinary expenditure?
Answered but misspelled pl correct HELPS US TO KNOW THE FINANCIAL POSITION OF THE BUSINESS (ANS.EEECNALABSHT)
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Audit 
