Balance Sheet Template

A balance sheet template allows year over year comparison, including accumulated depreciation. Generally it is a financial statement which is used to show what are the assets as well as liabilities of the business for a stated period of time. Assets and liabilities are then categorized in different sections like current assets, fixed assets, floating assets, current liabilities or short term liabilities, long term liabilities, shareholder’s equity. Proper format is used for drafting a balance sheet with business name, balance sheet and time period written on the top of the page. Importance of Balance Sheet Template A balance sheet is a financial statement which prepared by the business as a record for showing the exact value of assets and liabilities of the business. Generally, the balance sheet is prepared by the finical department of business to categorize the different sections of business which actually related to the amounts of assets. The balance sheet as its name shows is the statement which has equal totals of both assets and liabilities of the business according to this formula: Assets = Liabilities + Shareholder’s Equity Details of Balance Sheet Template However, this finical report will be prepared for a specific period of time. Apart

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