Basic balance sheets list major asset accounts such as cash, accounts receivable and real property, as well as common liability accounts such as accounts payable and debt obligations.

A balance sheet is a financial statement that provides a broad overview of a given firm's assets, liabilities and shareholders' equity. This important document gives management and other ...

A balance sheet is a basic financial statement that outlines the current assets and liabilities of the business. At the end of the year, the summary will show what assets the business owns and the ...

The balance sheet also has a fixed asset category. Within the fixed asset category, sometimes referred to as property, will be a variety of valuable information including equipment, land ...