Balance sheet is a financial statement about a organization that express and make a balace of the financial statement of a company. A balance sheet make a balance between asset and liabitiy of the company. In a balance sheet the assets are recorded in one side and the liabilities are recorded into another side of the financial statement. One side is called debit and another side is called credit. In a balance sheet credit are listed in right side and debit are listed in left side.
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