Wednesday, 22 November 2017
Balance sheets made easy
Dear BTEC Business
this page is designed to help you understand a very difficult concept very quickly.
Definition: A balance sheet is a valuation of a company at a certain time and place.
It also shows what the company OWES and OWNS at a particular time and place.
It also tells you how the business was financed and should accurately show how the NET ASSETS and the FINANCE BALANCE
So lets start here with this PowerPoint and here and make some notes on this tough topic
Another Example of a balance sheet can be found here
1. Test what you have learnt from the power points above with this balance sheet terminology
2. My first Balance Sheet
A generic balance Sheet that covers all bases see here
3. Key Definitions
4. Key term test here
Revision resources for the whole unit here
What is the difference between an ordinary share and a preference share click here
The YE teams first balance sheet
A brief history of Accounting
Further reading around the topic here