BALANCE SHEET
BUSINESS
GLOSSARY
2022 SERIES
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DEFINITION
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A financial statement that contains assets & liabilities for a set period
BALANCE SHEET FORMAT
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Assets
Liabilities
Current
Non
Current
Non
Current
Current
MOST PRACTICED FORMATS
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Classified
Common
Comparative
Vertical
IMPORTANT ELEMENTS
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Assets
Liabilities
Equity
Assets = Liabilities + Owner's Equity
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ASSETS
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CASH
INVENTORY
PROPERTY
LIABILITIES
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LOAN
WAGES
TAXES
UTILITIES
RENTS
More
Stories
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WHAT IS AFTER SALES SERVICE?
WHAT IS AMORTIZATION?
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