BALANCE SHEET FOR OFFICE PRACTICE HOW DO YOU CALCULATE IT
The balance sheet is part of the double entry bookkeeping method that dates back to the 14th century. Producing and understanding a balance sheet is a complex matter to be undertaken only by those who have a grounding in accountancy.
The balance sheet is where the calculated totals of the bookkeeper's work are brought together with a number of fairly notional figures for depreciation/appreciation of stock, equipment, buildings, land, certain taxes and liabilities and so forth. To the experienced a balance sheet can show the worth of a company.
A person needs to be formally taught the process of producing a balance sheet.
For most people most of the time when a business is not either a limited company or a limited partnership and there are minimal assets the balance sheet is an unnecessary expense and a Trading and Profit and Loss Account will suffice.
Jun 26, 2017 |
Balance Computers & Internet