What is the purpose of balance sheet classification How useful is the information produced from a classified balance sheet What are some alternative classification systems that could be used ...

Classification could proceed along several lines by attribute being measured ...

What is the purpose of balance sheet classification? How useful is the information produced from a classified

Question:

What is the purpose of classification? How useful is the information produced from a classified What are some alternative classification systems that could be used?
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...