Elements of Balance Sheet- The **balance sheet** describes the financial situation of a business at a given time. It provides u...
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Understanding Balance Sheets
This reading introduces the readers to balance sheets, one of the three major financial statements. We will learn about the structure and presentation of balance sheet, calculation of various elements of balance sheet, and common ratios associated with it.
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- The main purpose of the balance sheet statement is to report a company’s financial position on a par...
- The asset side of the balance sheet is presented below: 