Explain the reason that a statement of financial position will always 'balance'.

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Cambridge International AS And A Level Accounting

ISBN: 9781444181432

1st Edition

Authors: Ian Harrison

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Question Posted: Aug 23, 2023 01:10 PM

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Explain the reason that a statement of financial position will always 'balance'.

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A statement of financial position also known as a balance sheet will always balance due to the fundamental accounting equation which underlies the pre...View the full answer

Cambridge International AS And A Level Accounting

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