![]() ![]() Liabilities include money owed by the company to suppliers and its own workers in the form of wages that have not yet been paid. The main concept of a balance sheet is that total assets must equal the liabilities plus the equity of the company at a specified time.Ĭhapter 2 - Balance Sheet - Assets, Liabilities, and EquityĪssets include things like stock/inventory, buildings, equipment, and money owed to the company. The balance sheet, together with the income statement and cash flow statement, make up the cornerstone of any organization's financial statements. This free eBook you will give you a thorough understanding of the balance sheet, a powerful decision-making tool that every manager should be familiar with. Click the PDF icon below to download the eBook from the Online Library.īook Description - ISBN 978-1-62620-954-1 (35 Pages) ![]()
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