The equity and liability side of the statement of financial position deals with financing requirements.

Name: The equity and liability side of the statement of financial position deals with financing requirements.
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The equity and liability side of the statement of financial position (balance sheet) shows how the assets of the company are financed, including both the owners' equity (shareholder funds) and liabilities (debts), thus dealing with the financing requirements of the business.

The Equity and Liability Side of the Statement of Financial