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Other liabilities and provisions include all the liabilities that do not fall under any of the above heads and various provisions made.
Role of Balance Sheet in Investment Decision making
After analyzing the income statement, move on to the balance sheet and continue your analysis. While the income statement recaps three months' worth of operations, the balance sheet is a snapshot of what the company's finances look like only on the last day of the quarter...
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While the income statement recaps three months' worth of operations, the balance sheet is a snapshot of what the company's finances look like only on the last day of the quarter. (It's much like if you took every statement you received from every financial institution you have dealings with â banks, brokerages, credit card issuers, mortgage banks, etc...
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