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Darya [45]
3 years ago
9

How to do a balance sheet?

Business
1 answer:
inna [77]3 years ago
3 0
Balance sheet is a statement of all your assets, liabilities, and your capital.

List down all your assets, liabilities, and capital or equity.

Total Assets = Total Liabilities + Owner's Equity

Total Assets include: land, buildings, inventory, cash, account receivables, etc.

Total Liabilities include: accounts payable, notes payable, allowance for depreciation, etc.

Owner's equity: capital/stocks, withdrawal, additional capital, etc.
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