Understanding The Balance Sheet - Standard Bank
There would be an income statement for the period of January 1 through December 31 for the operations of the year 2006 and a balance sheet reporting the company's financial position as of December 31 of each year, i.e. 2005 and 2006. Thus, the balance sheet on December 31, 2006 is a statement of the company's financial position at that particular date in time, which is the result of all ... ................
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