Financial Statement is balance and calculation loss profit also information like source statement and utilizing fund. The function of Financial Statement for internal and external company are basis making in consideration and taking decision. In fundamental accounting, there are three financial statement that has to know. They are balance sheet, income statement, and capital statement. In this time, we will know accounts in Balance Sheets.
Balance Sheet, consist of :
a. Assets
1) Current assetsa) Cash g) Accruals receivable
b) Marketable securities *Accrued interest receivable
c) Notes receivable *Accrued rent receivable
d) Account receivable h) Prepaid expense
e) Inventory *Prepaid rent
f) Supplies *Prepaid insurance
2) In current assets
a) Investment
b) Fixed assets:
- Tangible fix assets: - Intangible fix assets:
*Land *Patent
*Building *Copyright
*Machinery *Trade mark
*Delivery Equipment *Good will
*Office Equipment
b. Liabilities
1) Current liabilities
a) Account payable d) Tax payable
b) Notes payable e) Deferred revenue
c) Accrual payable
2) Long term liabilities
a) Bond payable
b) Mortgage notes payable
c) Bank loan
c. Equity
Example of Balance Sheets :
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