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- Prepare the balance sheet: Start by listing the assets, liabilities, and equity of your organization as of the reporting date. Arrange the information in the standard balance sheet format, ensuring it balances (i.e., assets = liabilities + equity).

- Prepare the balance sheet: Start by listing the assets, liabilities, and equity of your organization as of the reporting date. Arrange the information in the standard balance sheet format, ensuring it balances (i.e., assets = liabilities + equity).

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