Abstract
A balance sheet is a financial statement which indicates in that reports a company's assets, liabilities, and shareholder equity. The balance sheet is very important and one of the three core financial statements which are used to assess a business. Balance Sheet provides a detailed report of a company's finances in other words what business it owns and owes as of the date of publication. A company's balance sheet provides a remarkable amount of insight into its solvency and business dealings. A balance sheet contains of three primary sections they are assets, liabilities, and equity.
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