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इंडियन गवर्नमेंट एग्जाम प्रेप
Which of the following equation is true for balance sheet
Correct Answer: A
Solution & Explanation
The balance sheet displays the company’s total assets, and how these assets are financed, through either debt or equity. It can also be referred to as a statement of net worth, or a statement of financial position. The balance sheet is based on the fundamental equation: Assets = Liabilities + Equity(Capital).
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