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The balance sheet is a snapshot at a single point in time of the company's accounts - covering its assets, liabilities and owners' equity. The purpose of the balance sheet is to give users an idea of the company's financial position along with displaying what the company owns and owes.

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from Buzzle

9 Steps of the Accounting Process Impeccably Explained

Accounting Process This Google Image provided this graphic of the Accounting cycle which is crucial for the beginning Accounting student.

If you are a student, small business owner, or just wanting to brush up on your accounting skills, understanding the basic accounting concepts of debits and credits and double entry accounting will be the first step you want to take in building your accounting skills. See examples of accounting journal entries...

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Some amazing facts about the Indian festival - Diwali. Now know some interesting…

Some amazing facts about the Indian festival - Diwali. Now know some interesting…

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