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So F.INANCE L.IM .ITE ___
...__Email:rsdfinance.ltd@gmail.com
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The SOF (Statement of Financial Position) is a financial document that provides a summary of a company's assets, liabilities, and equity at a specific point in time.
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Businesses and organizations that are compelled to disclose their financial standing for regulatory compliance, audits, or investor information are required to file the SOF.
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The purpose of the SOF is to provide stakeholders with insight into a company’s financial health and to assess its stability and liquidity.
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The SOF must report information such as current and non-current assets, current and non-current liabilities, and shareholders' equity.
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