How Do You Create (Prepare) A Balance Sheet?
As someone who’s taught accounting, economics, and finance, I’ll show you how to put together a Balance Sheet. And I’ll walk you through the entire process step-by-step in plain-English. So can easily understand and master. Step 1 ** What is a Balance Sheet? ** It’s one of the most important financial statements. And it helps you uncover what a company or individual owns, owes, and has left over. Yes, you can put one together for a business or an individual. The main difference between the two is that company balance sheets are more complex and detailed. But the basic information that goes on there is very similar. Step 2 ** Balance Sheet Sections ** A balance sheet is broken into four main sections: 1) Heading 2) Assets 3) Liabilities 4) Owners’ or Stockholder’s Equity In the next series of steps, we’ll examine each one of these individually and then put them all together. Step 3 jQuery(document).ready(function(){ jQuery(‘#jsArticleStep3 span.image a:first’).attr(‘href’,’http://i.ehow
