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- Balance_sheet abstract "In financial accounting, a balance sheet or statement of financial position is a summary of the financial balances of a sole proprietorship, a business partnership, a corporation or other business organization, such as an LLC or an LLP. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. A balance sheet is often described as a "snapshot of a company's financial condition". Of the three basic financial statements, the balance sheet is the only statement which applies to a single point in time of a business' calendar year.A standard company balance sheet has three parts: assets, liabilities and ownership equity. The main categories of assets are usually listed first, and typically in order of liquidity. Assets are followed by the liabilities. The difference between the assets and the liabilities is known as equity or the net assets or the net worth or capital of the company and according to the accounting equation, net worth must equal assets minus liabilities.Another way to look at the balance sheet equation is that total assets equals liabilities plus owner's equity. Looking at the equation in this way shows how assets were financed: either by borrowing money (liability) or by using the owner's money (owner's or shareholders' equity). Balance sheets are usually presented with assets in one section and liabilities and net worth in the other section with the two sections "balancing".A business operating entirely in cash can measure its profits by withdrawing the entire bank balance at the end of the period, plus any cash in hand. However, many businesses are not paid immediately; they build up inventories of goods and they acquire buildings and equipment. In other words: businesses have assets and so they cannot, even if they want to, immediately turn these into cash at the end of each period. Often, these businesses owe money to suppliers and to tax authorities, and the proprietors do not withdraw all their original capital and profits at the end of each period. In other words businesses also have liabilities.".
- Balance_sheet wikiPageID "100374".
- Balance_sheet wikiPageRevisionID "604144945".
- Balance_sheet hasPhotoCollection Balance_sheet.
- Balance_sheet subject Category:Accounting_terminology.
- Balance_sheet subject Category:Financial_statements.
- Balance_sheet comment "In financial accounting, a balance sheet or statement of financial position is a summary of the financial balances of a sole proprietorship, a business partnership, a corporation or other business organization, such as an LLC or an LLP. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. A balance sheet is often described as a "snapshot of a company's financial condition".".
- Balance_sheet label "Balance general".
- Balance_sheet label "Balance sheet".
- Balance_sheet label "Balans (boekhouden)".
- Balance_sheet label "Balanço patrimonial".
- Balance_sheet label "Bilan comptable".
- Balance_sheet label "Bilans (rachunkowość)".
- Balance_sheet label "Bilanz".
- Balance_sheet label "Stato patrimoniale".
- Balance_sheet label "Бухгалтерский баланс".
- Balance_sheet label "ميزانية عمومية".
- Balance_sheet label "貸借対照表".
- Balance_sheet label "資產負債表".
- Balance_sheet sameAs Rozvaha.
- Balance_sheet sameAs Bilanz.
- Balance_sheet sameAs Balance_general.
- Balance_sheet sameAs Balantze.
- Balance_sheet sameAs Bilan_comptable.
- Balance_sheet sameAs Neraca_(akuntansi).
- Balance_sheet sameAs Stato_patrimoniale.
- Balance_sheet sameAs 貸借対照表.
- Balance_sheet sameAs 재무상태표.
- Balance_sheet sameAs Balans_(boekhouden).
- Balance_sheet sameAs Bilans_(rachunkowość).
- Balance_sheet sameAs Balanço_patrimonial.
- Balance_sheet sameAs m.0pkp2.
- Balance_sheet sameAs Q46834.
- Balance_sheet sameAs Q46834.
- Balance_sheet wasDerivedFrom Balance_sheet?oldid=604144945.
- Balance_sheet isPrimaryTopicOf Balance_sheet.