i am doing a book keeping course and was wondering if any one could help me in this subject
2007-03-18 05:12:57 · 4 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
You can't go past these views:
Ronnie Corbett: Let's start with the balance sheet. It's the window through which we view the firm.
John Cleese: No, the balance sheet is the blind, drawn by accountants, to keep us in the dark.
2007-03-18 14:40:29 · answer #1 · answered by barryaster 1 · 0⤊ 0⤋
A balance sheet represents assets and liabilities. A good, creative accountant can make it say virtually whatever he wants based on amortization schedules, valuation guidelines and liquidity schedules. This is not to mention overseas accounts or investments.
2007-03-18 12:26:18 · answer #2 · answered by Mike M 4 · 0⤊ 0⤋
A balance sheet is just a snap shot of the companies financial health.
Assets (current and long term)
Liabilities (current and long term)
Shareholders equity (profitable or not)
Income statement expains cash flow
2007-03-18 12:32:20 · answer #3 · answered by bob shark 7 · 0⤊ 0⤋
Income and expenditures.
That should be in your course.
2007-03-18 12:21:22 · answer #4 · answered by sparbles 5 · 0⤊ 0⤋