What is Balance Sheet ?

What is Balance Sheet ?

Balance is a statement of Assets and Liability of a company  on a  particular date mention on the top of balance sheet.

It contains

Share Capital of Company

Reserves & surplus

Loan

Current liabilities

Creditors

Taxes payable

 

Fixed Assets

Loan and advances

Current assets

Inventories

Cash in hand

Bank balance

Miscellaneous  assets

balance sheet

 

 

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