Items On A Balance Sheet

Posted by Ana Orwel on Monday, May 11, 2009

Balance sheet and items on a balance sheet provide a reflection of the financial status of a company on a given date giving a summary of the company’s assets, liabilities and equity.

Balance sheet is generally published once in a year and it records the assets, liabilities and owner’s equity on a given date. The balance sheet is also referred as a snapshot of the company on a given date.

Here you can find an example of balance sheet and more detailed explanations of the items on it.