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- 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:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.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-sheetHere 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/Here are some examples of these balance sheet items:
- Other
- Investments
- Goodwill
- Trademarks
www.myaccountingcourse.com/financial-statement… - People also ask
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