TopicDaily cash sheet example.
PostedTue, Aug 27th 2019 09:34 AM
A data sheet is important because it lists down specific data or information. Aside from listing down information, it also helps the organization or company in categorizing their products or items in a more effective and efficient manner.
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.