Assets Balance Sheet Example

Assets Balance Sheet Example. The following balance sheet example is a classified balance sheet. Most accounting balance sheets classify a company's assets and liabilities into distinctive groupings such as Current Assets; Property, Plant, and These classifications make the balance sheet more useful.

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The following balance sheet example is a classified balance sheet. The balance sheet, also called the statement of financial position, is the third general purpose financial statement prepared during the accounting cycle. A balance sheet (also called the statement of financial position), can be defined as a statement of a firm's assets, liabilities and net worth.

It does this by illustrating the value of the business's net assets.

The balance sheet is one of the three main financial statements, along with the income statement and cash flow statement.

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38 Free Balance Sheet Templates & Examples ᐅ TemplateLab

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38 Free Balance Sheet Templates & Examples ᐅ TemplateLab

In balance sheet, assets having similar characteristics are grouped together. Notice that the balance sheet example maintains the balance of the accounting equation: Assets. = Liabilities. + Owners Equity. Balance Sheet Categories within Assets, Liabilities, Equities.