O'Reilly logo

Business Analysis: Microsoft by Conrad Carlberg

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

4. Summarizing Transactions: From the Journals to the Balance Sheet

Chapter 3, “Valuing Inventories for the Balance Sheet,” covered the topic of inventory valuation in detail. The various methods discussed there are needed to fill in the current assets section of the balance sheet. This chapter focuses on recording transactions in journals, cataloging transactions in ledgers, and summarizing the information in the balance sheet.

Following is the basic structure of a balance sheet:

• The Assets section consists of the company’s current assets (typically including cash, accounts receivable, inventory, ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required