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Business Analysis with Microsoft® Excel, Second Edition by Conrad Carlberg

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Designing the Balance Sheet

In contrast to the income statement discussed in Chapter 1, the balance sheet usually follows a fairly rigid format. Figure 2.1 shows a typical example.

Figure 2.1. The balance sheet for Bell Books, Inc., December 2001, demonstrates the equality of its Assets with the total of its Liabilities and its Owner's Equity.

The first section of the balance sheet describes the company's Assets. The second section of the balance sheet summarizes the company's Liabilities and Owner's Equity.

Understanding Balance Sheet Accounts

The Current Assets classification is normally composed of Cash, Accounts Receivable, Prepaid Expenses, ...

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