1 / 13

BALANCE SHEET

BALANCE SHEET. SHOWS ASSETS LIABILITIES AND OWNERS EQUITY AS OF A CERTAIN DATE SO THERE IS AN ASSET SECTION ON THE BALANCE SHEET, A LIABILITY SECTION AND AN OWNERS EQUITY. FIVE TYPES OF CURRENT ASSETS. CASH MARKETABLE SECURITIES ACCOUNTS RECEIVABLE INVENTORY

mariah
Télécharger la présentation

BALANCE SHEET

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. BALANCE SHEET • SHOWS ASSETS LIABILITIES AND OWNERS EQUITY AS OF A CERTAIN DATE • SO THERE IS AN ASSET SECTION ON THE BALANCE SHEET, A LIABILITY SECTION AND AN OWNERS EQUITY

  2. FIVE TYPES OF CURRENT ASSETS • CASH • MARKETABLE SECURITIES • ACCOUNTS RECEIVABLE • INVENTORY • PREPAID EXPENSES (SUPPLIES, ETC.)

  3. ASSETS • ANYTHING THE COMPANY OWNS • THEY MAY BE • 1. CURRENT • 2. LONG TERM • 3. INTANGIBLE • 4. INVESTMENT IN SUBSIDIARY • 5. ITEMS HELD FOR LONG TERM INVESTMENT

  4. CURRENT ASSETS • PRESENTED ON THE BALANCE SHEET UNDER CURRENT ASSET • CURRENTS ASSETS ARE EXPECTED TO BE CONSUMED WITHIN ONE YEAR

  5. CASH • MEDIUM OF EXCHANGE

  6. MARKETABLE SECURITIES • STOCKS AND BONDS OF OTHER COMPANIES OWNED BY THIS COMPANY

  7. ACCOUNTS RECEIVABLE • AMOUNTS TO US (THIS COMPANY) DUE TO RENDERING GOODS OR SERVICE ON CREDIT

  8. INVENTORY • ITEMS HELD FOR SALE IN THE ORDINARY COURSE OF BUSINESS. (HAVE YOU BEEN TO WALMART)

  9. PREPAID EXPENSE • SUPPLIES AND OTHER EXPENSES PAID FOR BUT NOT YET CONSUMED

  10. LONG TERM ASSETS • USUALLY CALLED PROPERTY PLANT AND EQUIPMENT. THEY ARE TANGIBLE ITEMS EXPECTED TO LAST MORE THAN ONE YEAR. THE COMMON ACCOUNTS ARE: • EQUIPMENT • BUILDING • LAND

  11. LIABILITIES • ANYTHING THE COMPANY OWES • LIABILITIES ARE EITHER: • 1. SHORT TERM, EXPECTED TO PAID IN ONE YEAR • 2. LONG TERM, EXPECTED TO BE PAID IN MORE THAN ONE YEAR FROM NOW

  12. OWNERS EQUITY THE MAJOR ACCOUNTS ARE: • COMMON STOCK • CONTRIBUTED CAPITAL • RETAINED EARNINGS

  13. BALANCE SHEETXYZ COMPANYAS OF DEC. 31, 2010 • ASSETS: LIABILITES • CURRENT ASSETS CURRENT LIABILITES • CASH XXX ACCOUNTS PAYABLE XXX • MARKET SEC XXX NOTES PAYABLE XXX • ACC REC XXX INTEREST PAYABLE XXX • INVENTORY XXX OTHER PAYABLE XXX • PREPAID EXP XXX TOTAL XXX • TOTAL XXX LONG TERM LIABILITIES • PROP PLANT & EQUIP PENSION LIABILITIES XXX • EQUIPMENT XXX BOND LIABILITIES XXX • BUILDING XXX TOTAL XXX • LAND XXX TOTAL LIABILITIES XXX • TOTAL XXX OWNERS EQUITY • TOTAL ASSETS XXX COMMON STOCK XXX • RETAINED EARNINGS XXX • TOTAL XXX • TOTAL LIA + OWN EQU XXX

More Related