Question

In: Accounting

on which statement are asset,liabilitied and equity reported

on which statement are asset,liabilitied and equity reported

Solutions

Expert Solution

the assets, liabilites and equity of a business are reported on its BALANCE SHEET.

A balance sheet is a statement which is prepared on a particular date and which shows the balances of assets, liabilities and equity on that date.

Given below is a sample BALANCE SHEET -


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