A report on Balance sheet

Summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity.

- Balance sheet

28 related topics with Alpha

Overall

Asset

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Asset is any resource owned or controlled by a business or an economic entity.

Asset is any resource owned or controlled by a business or an economic entity.

The balance sheet of a firm records the monetary value of the assets owned by that firm.

Equity (finance)

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Ownership of assets that may have debts or other liabilities attached to them.

Ownership of assets that may have debts or other liabilities attached to them.

Businesses summarize their equity in a financial statement known as the balance sheet (or statement of net position) which shows the total assets, the specific equity balances, and the total liabilities and equity (or deficit).

Historical financial statements

Financial statement

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Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity.

Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity.

Historical financial statements

1) A balance sheet or statement of financial position, reports on a company's assets, liabilities, and owners equity at a given point in time.

Accounts receivable

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Accounts receivable, abbreviated as AR or A/R, are legally enforceable claims for payment held by a business for goods supplied or services rendered that customers have ordered but not paid for.

Accounts receivable, abbreviated as AR or A/R, are legally enforceable claims for payment held by a business for goods supplied or services rendered that customers have ordered but not paid for.

Accounts receivable is shown in a balance sheet as an asset.

1969 $100,000 Treasury Bill

Cash and cash equivalents

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[[File:PG-Cash-and-Cash-Equivalents.jpg|thumb|440x440px|Cash and Cash Equivalents are recorded as current assets

[[File:PG-Cash-and-Cash-Equivalents.jpg|thumb|440x440px|Cash and Cash Equivalents are recorded as current assets

1969 $100,000 Treasury Bill
How Restricted Cash is presented in a balance sheet

]]Cash and cash equivalents (CCE) are the most liquid current assets found on a business's balance sheet.

Financial accounting

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Field of accounting concerned with the summary, analysis and reporting of financial transactions related to a business.

Field of accounting concerned with the summary, analysis and reporting of financial transactions related to a business.

All the figures in the trial balance are rearranged to prepare a profit & loss statement and balance sheet.

Accounts payable

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Accounts payable (AP) is money owed by a business to its suppliers shown as a liability on a company's balance sheet.

Historical cost

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Economic item's historical cost is the original nominal monetary value of that item.

Economic item's historical cost is the original nominal monetary value of that item.

Consequently, the amounts reported for these balance sheet items often differ from their current economic or market values.

Current asset

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Any asset which can reasonably be expected to be sold, consumed, or exhausted through the normal operations of a business within the current fiscal year or operating cycle or financial year .

Any asset which can reasonably be expected to be sold, consumed, or exhausted through the normal operations of a business within the current fiscal year or operating cycle or financial year .

On a balance sheet, assets will typically be classified into current assets and long-term assets.

Electronics inventory

Inventory

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Inventory (American English) or stock (British English) refers to the goods and materials that a business holds for the ultimate goal of resale, production or utilisation.

Inventory (American English) or stock (British English) refers to the goods and materials that a business holds for the ultimate goal of resale, production or utilisation.

Electronics inventory

An organization's inventory can appear a mixed blessing, since it counts as an asset on the balance sheet, but it also ties up money that could serve for other purposes and requires additional expense for its protection.