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Profit And Loss Account Balance Sheet Xample Trading Xcel Template

Worksheet Details

  • CategoryBalance Sheet.
  • TopicProfit loss balance sheet template.
  • AuthorBethany Neighbour
  • PostedThu, Jul 25th 2019 07:53 AM
  • Formatjpg/jpeg

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.

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.

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