What is the main purpose of a statement of financial position?
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Studied at the University of Sydney, Lives in Sydney, Australia.
Statement of Financial Position, also known as the Balance Sheet, presents the financial position of an entity at a given date. It is comprised of three main components: Assets, liabilities and equity.
2023-06-18 12:09:35
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Amelia Lewis
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Statement of Financial Position, also known as the Balance Sheet, presents the financial position of an entity at a given date. It is comprised of three main components: Assets, liabilities and equity.