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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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