RE: 02-05-2024 - Economy - Reclassification of the Balance Sheet [EN]-[IT]
You are viewing a single comment's thread:
Balance sheet was a very difficult course or subject for me in high school. Thanks for the class
0
0
0.000
Thank you for leaving a comment. In essence, the balance sheet is a document that explains the assets and liabilities of a company. Its reclassification is a procedure to make this document more readable.
Conclusion: The reclassification of a balance sheet is a process that takes place to make a reader better understand which are liabilities and which are assets.