Assets Liabilities and Equity

There are three elements to a balance sheet, assets, liabilities, and equity. The three elements together must satisfy the accounting equation for the balance sheet to balance.

Last modified October 24th, 2019 by Michael Brown
Read more

Basic Balance Sheet Statement

A basic balance sheet is an accounting statement of the financial position of a business at a specific point in time. It is normally drawn up at the end of the financial year or for management accounts on a monthly basis.

Last modified July 16th, 2019 by Michael Brown
Read more

You May Also Like