ITB Comic Strip

ITB Comic Strip

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Storyboard Text

  • Hey I like your boat!
  • Thanks! I own the company that made it.
  • This boat is owned by the company which makes it an asset.
  • Cool! How does the company make revenue?
  • It depends on the scenario. I would have to look at the company's balance sheet. 
  • Is the balance sheet the same as the income statement?
  • Not even close! The income statement shows the net income or the net loss.
  • Then what does the balance sheet do?
  • The balance sheet shows the assets, liabilities,  and the owner's equity of the company.
  • Ohhh, that makes much more sense now.
  • Click!
  • Now I'm interested in looking for a job in accounting!
  • That's awesome! 
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