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Balance sheet is prepared primarily with the following group in view:
Owners.
Creditors.
Government.
Management.
A balance sheet comprises assets, liabilities, and owners' or stockholders' equity. An asset is anything the business owns that has monetary value. Liabilities are the claims of creditors against the assets of the business. So when you create a balance sheet, you must make sure that it balances. Balance sheet is made for the owners .
By: honey kaundal ProfileResourcesReport error
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