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Balance Sheet Mple And Income Statement For Small Business Pdf Financial Format Sole Proprietorship

Worksheet Details

  • CategoryBalance Sheet.
  • TopicSample balance sheet and income statement for small business.
  • AuthorKate Selle
  • PostedThu, Sep 12th 2019 05:30 AM
  • Formatjpg/jpeg

The balance sheet, also called the statement of financial position, is the third general purpose financial statement prepared during the accounting cycle. It reports a company’s assets, liabilities, and equity at a single moment in time. You can think of it like a snapshot of what the business looked like on that day in time.

You should check out several of the balance sheet examples on this page to get a feel for how to use and read one. Like a business, your personal balance sheet will contain information about your assets and liabilities. This is where you will list all of your personal bank accounts, credit cards, and mortgage payments. Basically, you will need to list all of your outstanding debt as well as your assets.

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