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A Balance Sheet is based on the accounting equation that states that assets must equate the total of liabilities and owner’s equity. Accordingly, elements of a Balance Sheet include Assets (both current and noncurrent assets), liabilities (both current and non-current liabilities, and owner’s equity (including capital and retained earnings).How to prepare balancebalance sheet?
Balance Sheet can be prepared either by hand, using a Google spreadsheet, or with the help of QuickBooks online accounting software books. This statement is basically divided into three parts.How is a classified balance sheet prepared?
So, given the above-mentioned views, a Classified Balance Sheet is prepared by recording the sources of funds (liabilities + owner’s equity) on the left-hand side, and the application of such funds (assets) on the right side of the T-Account.How to make a balance sheet in QuickBooks?
How To Make a Balance Sheet? Balance Sheet can be prepared either by hand, using a Google spreadsheet, or with the help of QuickBooks online accounting software books. This statement is basically divided into three parts. The Assets section includes both current and noncurrent assets.