InterviewSolution
Saved Bookmarks
InterviewSolution
| 1. |
What Is A Balance Sheet? |
|
Answer» After ascertaining the profit or loss of the business, the businessman wants to KNOW the financial POSITION of his business. For this purpose he PREPARES a statement of ASSETS and Liabilities, which is called Balance Sheet. After ascertaining the profit or loss of the business, the businessman wants to know the financial position of his business. For this purpose he prepares a statement of Assets and Liabilities, which is called Balance Sheet. |
|