What is balance sheet? How you come to know after seeing
balance sheet that economic condition is good or bad any
organisation?
Answer Posted / imran
Balance Sheet is nothing but clear financial position of a
co. on a given date/as of date, which gives the list of
receivable/payables, property,goodwill and debt/obligation
of the co. as of date.
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commisiion recieved journal entry and receipt required
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