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Thursday, 19. June 2014

What is a Balance Sheet?
By gwynethprice1986, 10:21


A Balance Sheet summarises a business’ financial position at a specific time, normally the end of an accounting period. Made up of three parts and presented in two sections as the name suggests each section must balance. It shows what assets and liabilities the business has as well as how it is funded.

Assets = Liabilities – Shareholder’s Equity

An asset is anything that a business owns that has a monetary value; examples of which include plant and machinery, stock, trade debtors and cash in the bank

A liability is something which a business owes to its creditors; examples of which include amounts due to suppliers, taxes, loans and hire purchase.

Shareholder’s Equity is the difference between the assets and liabilities and represents the net worth of the business.

Gwyneth Price lives in Wirral.  She works as a financial adviser and takes great pride in her work.  She loves to share her experience online through a series of blog articles and guest postings.  For more detailed information about Pay as you go bookkeeper Wirral,The Local Accounts Department Service Birkenhead, Financial management support and advice Wirral, Part time management acccountant Birkenhead she often sends friends to http://birkenhead.tfmcentre.co.uk.

 

 

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About Me
By gwynethprice1986, 10:20


I am a successful financial adviser that also enjoys the culture and appeal of the arts.  My husband and I frequently attend theatre performances and really love the opportunity to have a nice evening out

Favorite books:  Blade Runner, Elric of Melnibone


Favorite sport: golf

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