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Authors: Seshan, Suresh A;

Reference No: F&A0128TEC Pages: 13 Published on: 1, January, 1970

Abstract: This note covers the following topics: purpose of preparing a balance sheet; format of a balance sheet; and a detailed description of each asset, liability and owners' equity item that appears in a normal balance sheet. The concluding part of the note describes how the effect of accounting transactions can ... More

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