Each and every business has some profits and losses. As the
business keeps growing, the profit and loss proportion too keeps changing. These
changes are recorded in a balance sheet. It informs the management and owners
about the financial status of the company. But in order to prepare a balance
sheet a professional must be hired by the company. Balance sheet presents all
of firm’s assets, liabilities and equities. It is a pertinent financial
statement that gives an insight into the finances of a company.
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