Balance sheet

Balance sheet. The balance sheet shows what a company owns, what it

owes, and what it’s worth. A balance sheet has three sections. On the left side of a balance sheet is a company’s assets. A company’s equity, also referred to as owner’s equity or shareholder’s equity, is listed on the right side. A company’s liabilities are listed below equity.The company’s total assets are equal to its liabilities plus equity.Therefore, the two sides of the balance sheet are equal.

Assets. The assets side of the balance sheet lists the total value of the company’s resources.Here we find such items as cash, accounts receivable, inventories, and the other resources. The corporation reported total assets worth 70 million dollars on its balance sheet.

-Assets are equal to liabilities plus equity.

A company’s total assets are equal to its liabilities plus equity. Unsold goods and materials are accounted for as assets in the balance sheet. If a customer hasn’t paid the money for the goods or services within an agreed time frame, it should be listed as accounts receivable.

On a balance sheet, a company’s inventories are considered as assets.

Liabilities. Liabilities are the obligations or financial debts a company owes. Each form of liabilities usually has the word “payable” in its account title.One common liability is accounts payable, which comes from buying goods or services on credit. Another example of liability is notes payable, which commonly comes in the form of a bank loan. Other forms of liabilities include wages payable, income taxes payable, and so on.

Owner’s equity. The part of a business that belongs to the owners is called owner’s equity.Owner’s equity reflects the amount the owner has invested in a company and the amount they have retained from its profits. Two common ways to increase owner’s equity are receiving more investments or increasing profits.

-If a company takes on debt, it will increase its liabilities.

-the profits an owner has retained from their company.

The company hired many new staff but had not yet paid their wages, which increased the company’s listed liabilities.The company has several liabilities valued at two million dollars.If a real estate company has $500,000 in assets and $400,000 in liabilities, its equity is $100,000.

说明：

这些字都是我一个个敲的，共同学习，目前商务6已经全部有，连对话也一句句听写出来了。大家共勉。

黑粗：复述跟读

浅粗：读句子

有下划线的：填空