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In a company, partnership, or sole proprietorship venture, its financial statement shows the financial well being or condition of the company. A balance sheet constitutes 3 basic aspects: assets, liabilities, and equity. Needless to say, for a company to be profitable, the liabilities need to be lesser than the assets. The difference in amount shows the 'net worth' of the company. If you are new to such sheets and wondering how it is done, you can search the internet for many sheet examples. A typical company statement of financial position presents assets and liabilities in 2 different sections and the total should always balance. If the sheet does not show the same amount in both assets and liabilities, it has to be redrawn.

It has been widely used by the people. Online transactions made the lives of the people easier. At first the internet became an open book to the public. It offers them the best sets of solutions to certain situations and problems. Another product of the internet is the social networking sites. Communicating with your loved ones from a faraway place became more possible with internet. Through the use of internet you can monitor the daily events of their lives. Online dating also became one of the latest effects of internet.

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