FREE SAMPLE BALANCE SHEET FORM
A sample balance sheet can determine net worth of a business by subtracting what it owes by what it owns.
A Balance Sheet is used to monitor business activity and to indicate the state of the business by answering 2 questions: Is the business solvent? If so, by how much?
Balance sheets can determine the financial condition or position of a company by reporting on its assets, liabilities, and Ownership equity at a given time period.
ASSETS minus LIABILITIES = NET WORTH
LIABILITIES plus NET WORTH = ASSETS
Balance Sheet of _________________________________ as of 31 of December, 20____.
Date:
CURRENT ASSETS
Cash: FIXED Assets
Real State: Other assets:
TOTAL Assets: _______________
CURRENT LIABILITIES
Accrued expenses
Inventory:
Accounts Receivable:
Furniture:
Equipment:
Accumulated depreciation (less):
Accounts payable
Taxes payable
Notes payable within one year
Every debt the company needs to settle in next twelve months is current, all other is non-current liabilities.
The company is obliged to book all liabilities that more than likely require some resources to be disposed.
A monthly or yearly balance sheet template is a summary of the financial balances and shows you how to map your enterprise's assets and liabilities.
Sample Income Statement
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