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- A balance sheet is a financial statement that shows the assets, liabilities, and shareholders' equity of a company at a given point in time1.Examples of balance sheet items include21:
- Assets: current assets (such as cash, accounts receivable, inventory), fixed assets (such as property, plant, equipment), and other assets (such as investments, goodwill, trademarks, mineral rights).
- Liabilities: current liabilities (such as accounts payable, short-term debt, accrued expenses), long-term liabilities (such as bonds payable, mortgages, leases).
- Shareholders' equity: common stock, preferred stock, retained earnings, treasury stock.
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 of these balance sheet items:
- Other
- Investments
- Goodwill
- Trademarks
www.myaccountingcourse.com/financial-statement… - People also ask
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