Online Exclusive: Accounting Basics for Small Contractors — The Balance Sheet Assets = Liabilities + Owners’ Equity Assets are the things that a company owns. There are current assets and long-term ...

The expanded accounting equation builds upon the basic accounting equation's use of assets, liabilities and equity by incorporating additional components such as revenues, expenses and withdrawals.

A balance sheet includes a summary of a business’s assets, liabilities, and capital. Learn what a balance sheet should include and how to create your own.

What Is a Company's Balance Sheet? The balance sheet lists a company’s assets, liabilities, and shareholders’ equity –all of which show its financial position for a period.

Accounting Transactions That Affect Balance Sheets. A company's balance sheet is a snapshot of the company's financial standpoint at a given point in time. While nearly all business activities end ...

Fixed assets are assets that have a useful life of more than one year. Fixed assets include property, plant, and equipment and are recorded on the balance sheet.

Accounting practices in the U.S. have improved over the years, but there are still plenty of ways that companies can manipulate their financial results. And not just in the usual ways--the balance ...

Also known as the basic accounting equation, the balance sheet equation explains exactly how the balance sheet balances. This equation is: Assets = Liabilities + Equity In other words: ...

Effects of Theft on the Accounting Equation. A bedrock principle of business bookkeeping is that the accounting equation must always balance: Your assets must always equal your liabilities plus ...

Carrying value is an accounting measure of value, where the value of an asset or a company is based on the figures in the company's balance sheet.