Difference between revisions of "Balance sheet"

From CNM Wiki
Jump to: navigation, search
(Created page with "Balance sheet (also known as statement of financial position; hereinafter, the ''Statement'') is a financial statement, as of a particular date, that shows the amount...")
 
Line 1: Line 1:
 
[[Balance sheet]] (also known as [[statement of financial position]]; hereinafter, the ''Statement'') is a financial statement, as of a particular date, that shows the amount of assets owned by an organization as well as the amount of claims ([[liabilities]] and [[owner's equity]]) against these assets.
 
[[Balance sheet]] (also known as [[statement of financial position]]; hereinafter, the ''Statement'') is a financial statement, as of a particular date, that shows the amount of assets owned by an organization as well as the amount of claims ([[liabilities]] and [[owner's equity]]) against these assets.
 +
 +
 +
 +
 +
==Definitions==
 +
According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
 +
:[[Balance sheet]].
 +
 +
==Related concepts==
 +
*[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws.
 +
 +
==Related coursework==
 +
*[[Bookkeeping Quarter]].
 +
 +
[[Category: Septem Artes Administrativi]][[Category: Articles]]

Revision as of 11:58, 15 December 2018

Balance sheet (also known as statement of financial position; hereinafter, the Statement) is a financial statement, as of a particular date, that shows the amount of assets owned by an organization as well as the amount of claims (liabilities and owner's equity) against these assets.



Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Balance sheet.

Related concepts

Related coursework