1.

Write short notes on Role of balance sheet in decision making. 

Answer»

1. Balance sheet shows the assets owned by a trading organization. 

2. It reveals the liabilities of the organisation. 

3. It shows the financial position of the organisation. 

4. It depicts the capital fund of the organisation. 

5. It fulfils the statutory requirements as a non-trading organisation is legally required to prepare a Balance Sheet.



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