2007-07-16 01:16:05 · 2 answers · asked by gio 1 in Computers & Internet ➔ Other - Computers
The accounting balance sheet is one of the major financial statements used by accountants and business owners. (The other major financial statements are the income statement, statement of cash flows, and statement of stockholders' equity) The balance sheet is also referred to as the statement of financial position.
The balance sheet presents a company's financial position at the end of a specified date. Some describe the balance sheet as a "snapshot" of the company's financial position at a point (a moment or an instant) in time. For example, the amounts reported on a balance sheet dated December 31, 2006 reflect that instant when all the transactions through December 31 have been recorded.
Click on the link for a very good description of the items contained in a balance sheet together with illustrations.
2007-07-17 20:23:27 · answer #1 · answered by Sandy 7 · 0⤊ 0⤋
Open Excel.
1-st column - "Income". Fill here the money you get.
2-nd column - "Outcome". Fill here the money you spent.
3-th column - "Difference (Balance)". Subtract 1-st - 2-nd
2007-07-16 08:22:36 · answer #2 · answered by TBird 4 · 0⤊ 0⤋