Balance sheet outlines where the business stands in terms of what it owns, what it owes, and how much investment the owners have in the business. It is the statement of the financial position of a business at a particular point in time.

We have to make a business plan for our group project and the budget is maximum $50,000 CAD. We choose a business plan which is "Smart home installation services" . Now we group members have to make a "Balance Sheet" for the year 2024,2025, 2026 in excel sheet for our business plan. Now make a 3 years balance sheet.(Estimated numbers)

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Balance sheet outlines where the business stands in terms of what it owns what it owes and how much ... View the full answer