accounting

Question

要寫一篇有關於How useful is the Balance Sheet at providing information on financial position?

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Answer 1

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How useful is the Balance Sheet at providing information on financial position?

Balance sheet has been an useful and practical tool to monitor an entity's financial status based on historical data.

It provides rough status on how sound a company's assets and liability

are, and it's potentail risk exposure.

Balance sheet users can try to look into the book value of a company and get some insight out of it.