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- A balance sheet is a financial statement that summarizes the assets, liabilities, and capital of a company1. In a balance sheet, assets are listed first, followed by liabilities and shareholders’ equity2. The balance sheet presents information as of a certain date, at a specific point in time1. An example of a balance sheet includes current assets, fixed assets, other assets, current liabilities, long-term liabilities, and shareholders’ equity2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.), the balance sheet presents information as of a certain date (at a specific point in time). In the above example, the contents of the balance sheet pertain to the financial condition of the company on December 31, 2021. A balance sheet summarizes the assets, liabilities, and capital of a company.www.accountingverse.com/accounting-basics/bala…
Balance Sheet Example
- Assets In this simple example, assets consist of current assets, fixed assets and other assets.
- Current assets ...
- Fixed assets ...
- Current liabilities ...
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