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    • The term ‘balance sheet’ is widely used, although most people have never seen one and have little idea of what it shows. This chapter provides a gentle introduction to balance sheets by showing how i… See more

    Assets

    Non-current assets Freehold land and buildings (at cost) Furniture (at cost) … See more

    McGraw Hill Higher Ed…
    Equity

    Share capital and reserves Total liabilities and equity See more

    McGraw Hill Higher Education
    1.4 Short- and Long-term Classification

    The usual formats for balance sheets make it relatively straightforward to compare one company with another. Both assets and liabilities are classified as being long or short term. … See more

    McGraw Hill Higher Education
    Assets

    Long-term assets are called ‘non-current assets’. They are still often referred to as ‘fixed assets’ although there is nothing fixed about them: they include cars and aeroplane… See more

    McGraw Hill Higher Education
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