Balance Sheet
Shows the history of a company
• Reports financial position as Of a particular date
Presents ending balances in assets, liabilities, and owner's equity
Assets appear on the left side
Liabilities and Equity appear on the right side
preparing a Balance Sheet
• The heading of the balance sheet provides the following information:
The company name
The name Of the statement
The date for which the report is prepared
• Use of the Dollar Sign
placed to the left of each column's top figure and to the left of the column's total