Asked in Business Accounting and BookkeepingFinancial Statements
Business Accounting and Bookkeeping
Financial Statements
What is the difference between balance sheet and a statement of affair?
Answer

Wiki User
January 22, 2011 12:28PM
A balance sheet is a list that summarizes all financial information of a company. This includes liabilities (what the company owes) and assets (the company's economic resources). A statement of affairs, on the other hand, is specifically used by a debtor to show all of their assets and liabilities, usually for purposes of evaluating a case of bankruptcy.
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How can you tell the difference between if your loved one is having an emotional affair or if you're just paranoid?

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again we are only humans and we do sometimes have "affairs" with
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Answer from
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