Maharashtra State BoardHSC Commerce 12th Board Exam
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Give the Word / Term Or Phrase Which Can Substitute the Following Statement. - Book Keeping and Accountancy

One Line Answer

Give the word / term or phrase which can substitute the following statement.
A statement showing financial position of the business on a particular date.

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Solution

Balance Sheet

Explanation: A Balance Sheet is a statement showing the financial position of a business on a particular date. The balances of all the personal and real accounts are grouped as assets and liabilities and shown in the Balance Sheet.

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