Balance Sheet Homework Help
A statement for assets , liabilities, capital, profit and loss for a particular period Is known as Balance Sheet. It summarizes the company’s entire financial position for a particular point of time. Balance Sheet is based on the Accounting Equation:-
Assets = Liabilities + Shareholder’s Equity.
As defined in the name Balance in the left side of the equation should be equivalent to the balance in the right side of the equation. These accounts vary widely by industry, and the same terms can have different implications depending on the nature of the business. A few common components investors are likely to come across. In a balance sheet all the accounts are listed from top to bottom in order of their respected liquidity. It helps to understand how easily these liquid assets are converted in cash within a year. All the treasury bills and short terms certificate deposits are known as Cash Equivalents. These may also include the marketable securities which are basically equity and debt securities in the liquid market.
Balance sheet also includes the Account receivable, the amount which the customer owe to the company in a future date. This amount can be doubtful amount for the company might have a provision for discounts.
Other than these the balance sheet may include inventory, prepaid expenses and long term assets. Inventory consists of all the goods that are lowered than the market price and are available for sale. Prepaid expenses are the expenses for which the company has already paid like insurance premium or the advertisement cost.
Intangible assets are also included in the balance sheet , these are non physical assets like Trademark , software etc. Fixed assets like machinery , land ,buildings, are also included in the same.
Current liabilities accounts might include dividend, wages payable, wages payable, dividends , long term liabilities along with the current portion of long-term debt. Certain liabilities are not added in the balance sheet as they are the recurring costs or the operational costs.
Balance sheet should always be compared with the companies in the same industries as different companies have different approach towards their financial reporting. Thus creating, reading and analyzing a balance sheet is a tedious task. One needs an expert to solve Balance Sheet questions and problem. Any student studying basic Accounting and Finance is required to read Balance Sheet. Thus Balance Sheet Homework Help is more in demand. Homework Guru is one has the largest cache of tutors in their database who can solve tough and tedious balance sheet assignments in minutes. These experts have an Industrial level experience have given years helping students in Account & Finance. By far Homework Guru has solved more than 1,00,000 accounting questions and Balance Sheet Homework Help was the popular.
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