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Answer Posted / hayat , salman
B/S is a statement which the financial position of an
organization on a specific date.
In B/S there are two sides
No.1 Debit side
No.2 Credit side
We record all the assets on debit side(left side) While all
the liabilities and Owner's equty on the credit side(right
side) of the B/S.
| Is This Answer Correct ? | 4 Yes | 9 No |
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