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Budgeted Balance Sheet Budgetary Planning Managerial Accounting Fifth Edition Weygandt Adalah

Worksheet Details

  • CategoryBalance Sheet.
  • TopicBudgeted balance sheet example.
  • AuthorRachel Foy
  • PostedThu, Sep 05th 2019 15:20 PM
  • Formatjpg/jpeg

If you’re running a business and looking for potential investors, or you’re an individual readying to approach lenders, you will be asked for a copy of financial statements. For businesses, the finances to be reviewed are the balance sheet, income statement, statement of retained earnings, and statement of cash flows. An individual will have similar information that can be used on a balance sheet, but it is primarily used to give an overview of investments and assets.

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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