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Balance Sheet Shows Final Accounts Trading And Pl By Cma Tarun The Of Bank Its Quizlet

Worksheet Details

  • CategoryBalance Sheet.
  • TopicA balance sheet includes all of the following except.
  • AuthorHannah Stonham
  • PostedThu, Sep 12th 2019 05:12 AM
  • Formatjpg/jpeg

For the purposes of the balance sheet, the assets are the total of everything your business has are valued by the business. This might be something that’s in the form of real property, such as an office building with a parking garage. It could also be stocks, bonds, or working capital such as heavy machinery and equipment. Some businesses will even include their unsold inventory in this section.

Retained earnings are a little different. Remember the formula for the balance sheet? (Assets = Liabilities + Equity?) If you’ve filled out the rest of your balance sheet template, then you will have only retained earnings left to work with. Therefore, retained earnings are equal to Assets – Liabilities – Contributed Capital.

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