•The financial position of a sole proprietorship is shown by the amount of the assets held, its liabilities and the amount of the owner's capital. The balance sheet of a sole proprietorship indicates the name of the business, the name of the statement and the date of the statement.
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Answer:
DOES A SOLE PROPRIETORSHIP HAS A BALANCE SHEET?
The Balance Sheet
•The financial position of a sole proprietorship is shown by the amount of the assets held, its liabilities and the amount of the owner's capital. The balance sheet of a sole proprietorship indicates the name of the business, the name of the statement and the date of the statement.
Explanation:
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