Financial Statement: The Financial statement is the part of
Assets: Assets are the resources that a company needs to run the business. An asset is economic resources of the company.
Liabilities: Liabilities are generally the amount owned by the company from lenders, suppliers, or a bank. Liabilities are the burden on the company that they have to pay to others.
Equity: The company need finance to run the business. Equity is one of the methods through which the company raises the capital.
a.
To identify: The amount of assets liabilities and equity.
b.
To verify:
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