Define the purpose of a balance sheet in a memo

Reference no: EM131822859

Question: Marci Ling is the bookkeeper for Samco Company, Inc. Marci has been trying to get the company's balance sheet to balance. She finally got it to balance, but she still isn't sure that it is correct.

Instructions: Explain to Marci Ling in a memo

(a) the purpose of a balance sheet, and

(b) why this balance sheet is incorrect and what she should do to correct it.

Reference no: EM131822859

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