Ques:- WHY DO WE PREPARE BALANCE SHEET?
Right Answer:
We prepare a balance sheet to provide a snapshot of a company's financial position at a specific point in time, showing its assets, liabilities, and equity. This helps stakeholders assess the company's financial health and make informed decisions.
We prepare a balance sheet to provide a snapshot of a company's financial position at a specific point in time, showing its assets, liabilities, and equity. This helps stakeholders assess the company's financial health and make informed decisions.
