STRUCTURE OF A BALANCE SHEET
A balance sheet has specific parts and is organized around a basic accounting equation. This exercise will reinforce your understanding of its parts and how it is organized.
Instructions:
1) Print out this sheet
2) Fill in the name of each category of asset & liability
3) Give a short definition of each category
4) Provide a short list of examples
5) Complete the equation on the bottom
BALANCE SHEET
Work
to be Submitted