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Daily Archives: December 4, 2021

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Assets and Liabilities

What are Assets and Liabilities?

BookkeepingBy CA Mohnish KatreDecember 4, 2021Leave a comment

The Asset to Liability ratio of businesses can help assess their profitability and scope for growth accurately. Information regarding this ratio can help prepare financial statements for a company. Financial statements include the Balance Sheet, the Cash Flow Sheet, and the Statement of Income. One must have a clear understanding of assets and liabilities to…

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