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    Balance Sheet: Company's Name End Period

    Uploaded by

    EjazAsi
    The balance sheet presents a company's financial position at a specified date by summarizing its assets, liabilities, and shareholders' equity. It reflects the company's financial position at a moment in time, showing what the company owns and owes, as well as the amount invested by shareholders. The balance sheet must follow the equation that assets equal liabilities plus shareholders' equity. This template is intended to provide minimum financial information required by lenders, tax authorities, and investors by having users fill in white cells with financial data.

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    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd

    Balance Sheet: Company's Name End Period

    Uploaded by

    EjazAsi
    90 views3 pages
    The balance sheet presents a company's financial position at a specified date by summarizing its assets, liabilities, and shareholders' equity. It reflects the company's financial position at a moment in time, showing what the company owns and owes, as well as the amount invested by shareholders. The balance sheet must follow the equation that assets equal liabilities plus shareholders' equity. This template is intended to provide minimum financial information required by lenders, tax authorities, and investors by having users fill in white cells with financial data.

    Original Description:

    You can use the example to fill in and manage your balance sheets better

    Original Title

    BalanceSheet Example

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    © © All Rights Reserved

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    The balance sheet presents a company's financial position at a specified date by summarizing its assets, liabilities, and shareholders' equity. It reflects the company's financial position at a moment in time, showing what the company owns and owes, as well as the amount invested by shareholders. The balance sheet must follow the equation that assets equal liabilities plus shareholders' equity. This template is intended to provide minimum financial information required by lenders, tax authorities, and investors by having users fill in white cells with financial data.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    90 views3 pages

    Balance Sheet: Company's Name End Period

    Uploaded by

    EjazAsi
    The balance sheet presents a company's financial position at a specified date by summarizing its assets, liabilities, and shareholders' equity. It reflects the company's financial position at a moment in time, showing what the company owns and owes, as well as the amount invested by shareholders. The balance sheet must follow the equation that assets equal liabilities plus shareholders' equity. This template is intended to provide minimum financial information required by lenders, tax authorities, and investors by having users fill in white cells with financial data.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    of 3

    Intro&Directions

    BALANCE SHEET
    Company's name
    End period
    Definition
    The balance sheet presents a company's financial position at the end of a
    specified date.
    Some describe the balance sheet as a "snapshot" of the company's financial
    position at a point (a moment or an instant) in time. For example, the amounts
    reported on a balance sheet dated December 31, 2012 reflect that instant when all
    the transactions through December 31 have been recorded. It summarizes the
    company's assets, liabilities and shareholders' equity at a specific point in time.
    These three balance sheet segments give investors an idea as to what the
    company owns and owes, as well as the amount invested by the shareholders.
    The balance sheet must follow the formula:
    Assets = Liabilities + Shareholders' Equity
    Assets are things that the company owns. They are the resources of the company
    that have been acquired through transactions, and have future economic value that
    can be measured and expressed in terms of monetary value. Assets also include
    costs paid in advance that have not yet expired, such as prepaid advertising,
    prepaid insurance, prepaid legal fees, and prepaid rent.

    Liabilities are obligations of the company. They are amounts owed to creditors for
    a past transaction and they usually have the word "payable" in their account title.
    Along with owner's equity, liabilities can be thought of as a source of the company's
    assets. They can also be thought of as a claim against a company's assets.
    Equity is the amount of the funds contributed by the owners (the stockholders) plus
    the retained earnings (or losses). Also referred to as "shareholders' equity", along
    with liabilities, it can be thought of as a source of the company's assets.
    How to use this tool
    This is intended to be a simple and practical tool to be adjusted and used by SMEs
    working in all sectors. You may adapt it to reflect your business needs, type of
    clientele, products and services you offer. It provides the minimum information
    required by financial institutions for assessing loan applications, tax authorities and
    potential investors.
    Fill in the white cells, totals will be calculated automatically

    Page 1

    Intro&Directions

    Page 2

    BALANCE SHEET
    Company's name
    End period
    ASSETS
    Current Assets:
    Cash at Hand
    Cash at Bank
    Accounts Receivable
    Less: Reserve for Bad Debts
    Stock
    Prepaid Expenses
    Notes Receivable
    Total Current Assets

    LIABILITIES & EQUITY


    0.00
    0.00
    0.00
    0.00
    0.00
    0.00
    0.00
    0.00

    Fixed Assets:
    Vehicles
    Less: Accumulated Depreciation
    Furniture and Fixtures
    Less: Accumulated Depreciation
    Equipment
    Less: Accumulated Depreciation
    Buildings
    Less: Accumulated Depreciation
    Land
    Total Fixed Assets

    0.00
    0.00
    0.00
    0.00
    0.00
    0.00
    0.00
    0.00
    0.00
    0.00

    Other Assets:
    Goodwill
    Total Other Assets

    0.00
    0.00

    Total Assets

    0.00

    Current Liabilities:
    Accounts Payable
    Sales Taxes Payable
    Payroll Taxes Payable
    Income Taxes Payable
    Accrued Wages Payable
    Unearned Revenues
    Bank Overdraft
    Short-Term Loan Payable
    Total Current Liabilities

    0.00
    0.00
    0.00
    0.00
    0.00
    0.00
    0.00
    0.00
    0.00

    Long-Term Liabilities:
    Long-term Bank Loans Payable
    Mortgage Payable
    Total Long-Term Liabiliti

    0.00
    0.00
    0.00

    Total Liabilities

    0.00

    Capital & Reserves


    Capital
    Add: Net Profit
    Less: Drawings
    Net Capital

    0.00
    0.00
    0.00
    0.00

    Total Liabilities and Equity

    0.00

    Page 3

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