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- A balance sheet is a financial statement that shows a company's financial position at a specific point in time. Here is an example of a balance sheet:
- Assets: Includes current assets (e.g., cash, accounts receivable) and noncurrent assets (e.g., property, equipment).
- Liabilities: Includes current liabilities (e.g., accounts payable) and long-term liabilities (e.g., loans).
- Shareholders' equity: Represents the ownership interest in the company.
- Total assets equal total liabilities plus shareholders' equity12.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.For example, this balance sheet tells you: The reporting period ends November 30, 2018, and compares against a similar reporting period from the year prior The company’s assets total $60,173, including $37,232 in current assets and $22,941 in noncurrent assetsonline.hbs.edu/blog/post/how-to-read-a-balance-sh…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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The term balance sheet refers to a financial statement that reports a company's assets, liabilities, and shareholder equity at a specific point in time. Balance sheets provide the basis for computing rates of return for investors and evaluating a … See more
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- Assets
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- Liabilities
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The balance sheet provides an overviewof the state of a company's finances at a moment in time. It cannot give a sense of the trends playing out over a longer period on its own. For this reason, the balance sheet should be compared with those of previous periods. … See more
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- Accounts receivable: $6,100
- Equipment: $900
- Bank account: $2,050
- Total assets: $9,050
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