Available under Creative Commons-NonCommercial-ShareAlike 4.0 International License.
The balance sheet lists all assets, liabilities, and owner's equity balances as of the last day of the financial period. The balance sheet always begins with assets, then liabilities and owner's equity. Assets which are listed first are the most liquid, such as cash, accounts receivable and prepaid expenses. Liabilities are grouped by due date, with short-term liabilities listed first.
- 1722 reads
