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Liabilities

Any claim for money against the assets of a company, such as bills of creditors, income tax payable, debenture redemption, interest on secured and unsecured loans, etc. Although on balance sheet shareholder’s equity is shown under liability, it has no claim on the assets of a company, unless it goes into liquidation.

What is a Balance Sheet?

A Balance Sheet is a financial statement of any company or is the summary of its assets and liabilities, equity capital, total debt, etc. at a specific point in time. It reflects the financial health of a firm and gives appropriate knowledge to the investors about what is owned and owed by the firm along ..

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What is Actuarial Science?

Actuarial Science is a discipline which assesses financial risks in both finance and insurance streams with the help of many mathematical principles of probability and statistical methods. The professionals who take up such tasks are known as actuaries. Actuaries are instrumental in helping gauge future uncertainties and financial risks along with providing solutions for the ..

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