Description: A well-attired accountant displays a Balance sheet of his company, which includes Assets,Liabilities and Owner's Equity. A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders.
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