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- A balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time. Examples of assets that can be included in a balance sheet are1:
- Cash and equivalents, including your business checking account balance
- Accounts receivable and any short-term invoices you’re owed
- Inventory including goods for sale, raw materials and items being made
- Expenses you have paid in advance, such as rent or business insurance
- Non-current assets
- Computers less accumulated depreciation 1000.00
- Furniture less accumulated depreciation 400.00
- Value of fixed assets 1400.00
- Bank 5872.00, prepayments 57.00 and accounts receivable 645.00.
- Total current assets 6574.00
- Accounts payable 1750 and accruals 250.00
- Total current liabilities 2000.00
- Net assets = assets 1400 + current assets 6574.00 – current liabilities 2000.00 = 5974.00
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Here are some examples. Cash and equivalents, including your business checking account balance Accounts receivable and any short-term invoices you’re owed Inventory including goods for sale, raw materials and items being made Expenses you have paid in advance, such as rent or business insurance Non-current assetswise.com/us/balance-sheet/The above balance sheet template example shows the following:
- Computers less accumulated depreciation 1000.00
- Furniture less accumulated depreciation 400.00
- Value of fixed assets 1400.00
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