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- A balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time. Here is a simple example of a balance sheet12:
- Assets: The company owns 18,500 in assets, which are made up of fixed and intangible assets, bank, stock, and debtors.
- Liabilities: The company is owed 5,500 in liabilities, which includes 3,000 from customers and 2,500 in a loan.
- Net assets: Assets (18,500) + Current assets (6574.00) - Current liabilities (2000.00) = 14,074.00
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The Balance Sheet example shows the following information. The company owns 18,500 in Assets. The assets are made up of fixed and intangible assets, bank, stock and debtors. The company is owed 5,500 of liabilities; this includes 3,000 from customers and 2,500 in a loan.
www.businessaccountingbasics.co.uk/balance-sheet/The above balance sheet template example shows the following:
- Computers less accumulated depreciation 1000.00
- Furniture less accumulated depreciation 400.00
- Value of fixed assets 1400.00
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