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Notes to Balance Sheet

>> February 21, 2012

Every year company makes its balance sheet. In the end of balance sheet, it shows some footnote or notes which are helpful to explain assets or liabilities which are in the balance sheet. In these notes, company can include total contingent liabilities, future lawsuit against company's particular asset and other important information regarding company's assets or liabilities.

We are explaining this concept with following example. In following screenshot, you can see where are notes to balance sheet showed and what these notes explain?

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