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Balance sheet should always have the sum total of asset side equal to the sum total liability side. In the balance sheet, the total amount of assets should be equal to the total amount of liabilities, and when the amount doesn’t match, it means the balance sheet is out of balance. Before fixing this error, the user needs to know the actual reason behind it. There can be various factors causing this error, which will be discussed later in here. …
Added by Den Mathews on November 24, 2020 at 1:44am — No Comments
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