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Answer Posted / satish kumar.k
Balance is a statement of Assets & Liabilites of the firm,
under Assets column Fixed Assets, Current Assets & Loans
and Advances and Misc. expenses ( to the extent not written
off)-- these are subheads will appear. And on Liabilities
side of Balance sheet Share Capital ,Reserves & Surpluses,
Secured Loans & unsecured loans, loans and advances,etc.,
will appear .
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