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- STORYBOARDABOUT ACCOUNTING
- HELLO!!!SORRY FOR MAKING YOU GUYS WATE.HMM SO LETS START
- MY FRIEND AND I ARE PLANNING TO BY A CAR TOGETHER BUT WE ARE WONDERING ABOUT FINANCIAL SITUATION??
- AND WE HOPE If YOU ARE IN A POSITATION TO BUY S CAR
- A balance sheet?
- Okay. I think the best thing to do right now is to make a balance sheet.
- Yes, a balance sheet is one of the important thing in business,prepared by accountants to show the financial position of that business or individual on a particular date. If the information in the balance sheet iscorrect, the left and right will balance, that is, will be equal in value.
- Oh, ok. So what exactly is the information on the left and right side?
- These also include things paid in advance that have not yet been used, such as prepaid advertising, prepaid insurance, prepaid legal fees and prepaid rent.
- The information on the left side are assets, which are things a company or individual own such as cash, supplies, equipment, and buildings.
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