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The purpose of the balance sheet is to report the financial position (amount of assets, liabilities, and stockholders' equity) of an accounting entity at a particular point in time. We can learn a great deal about what the balance sheet reports just by reading the statement from the top.The purpose of a balance sheet is a financial reporting (number of total assets liabilities and shareholders ' equity) of the legal entity at the time specified by the. We can learn a great deal about what a balance sheet report, just by reading commands from above.
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