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  2. A balance sheet is a financial statement that shows the assets, liabilities and shareholders' equity of a business at a specific point in time1.Some examples of balance sheet items are231:
    • Cash and equivalents, such as checking account balance and short-term invoices
    • Accounts receivable, which are the amounts owed by customers
    • Inventory, which includes goods for sale, raw materials and work in progress
    • Prepaid expenses, such as rent or insurance
    • Non-current assets, such as investments, goodwill, trademarks and mineral rights
    • Current liabilities, such as accounts payable, taxes and short-term loans
    • Long-term liabilities, such as mortgages, bonds and leases
    • Shareholders' equity, which is the difference between assets and liabilities
    Learn more:

    Balance Sheet Example

    • Assets In this simple example, assets consist of current assets, fixed assets and other assets.
    • Current assets ...
    • Fixed assets ...
    • Current liabilities ...
    www.g2.com/articles/balance-sheet
    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 assets
    wise.com/us/balance-sheet/

    Here are some examples of these balance sheet items:

    • Other
    • Investments
    • Goodwill
    • Trademarks
    www.myaccountingcourse.com/financial-statement…
     
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