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what are the basic elements in the balance sheet or statement of financial position ??

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Jun 7 at 10:10:5
Muhammadbilal
Muhammadbilal
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The basic balance sheet is one of the main accounting statements. The statement shows a snapshot of the assets, liabilities and equity of the business at a specific point in time, usually at the end of an accounting period.

The balance sheet is sometimes referred to as the ‘Statement of Financial Position’.
Jun 7 at 10:16:34
Abdul
Abdul
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