owners equity + liabilities = assets
balance sheet statement
the balance sheet statement : a financial report showing the financial position of an entity in
terms of assets , liabilities and owners' equity at specific date it is the equation
assets : are probably future economic benefits obtained or controlled by a particular entity
as result of post transactions or events . consist :
A- current assets
B- fixed assets
D- intangible assets
liabilities : they consist of obligations to pay money or other assets to another person now
or in the future . consist
A- current liabilities
B- long - term liabilities
owners equity : is the residual interest in the assets of an entity that remain after deducting
its liabilities
working capital : the excess to current asstes over current liabilities
Income statement : a finacial report showing the result of an entity's operations in terms of revenues , expenses and net income for a period of time
الجمعة أبريل 10, 2015 12:23 pm
