balance sheet

  • Keep your business balanced

    2012-01-04

    In accounting, the Balance Sheet has been an important element for hundreds of years. Balance sheets provide details of what a business owns, what it owes, its overall worth and also how shareholders funded the Net Assets. The name ‘Balance Sheet’ is derived from the need to balance assets against financial obligations, retained earnings and [...]

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  • What is the Balance Sheet?

    2011-11-18

    Everything your business owns should be classed an asset The balance sheet is simply a list of these assets. Some of them will be intangible (e.g. stocks or patents), while others will be actual items like machinery or stock. Any cash or inventory that the business currently owns is referred to as being its current [...]

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