Showing posts with label Balance Sheet. Show all posts
Showing posts with label Balance Sheet. Show all posts

Thursday, July 30

How Is Your Networth Look Like?

Thursday, July 23

Acoounting 101: What Is A Capital?

What Is A Capital?

Capital, in accounting is referred to as “Networth.” It is what is left when we deduct the Liabilities from our Assets.

Tuesday, July 21

Accounting 101: What Is A Liability?

What Is A Liability?

Liabilities
are those putting away the money or value from your container, basket or pocket.

Saturday, July 18

Accounting 101: What Is An Asset?

What Is An Asset?

Assets
are those putting money or value in your container, basket or pocket.

Tuesday, October 14

Accounting 101: Balance Sheet

What is a Balance Sheet?

In layman’s term, Balance Sheet is the financial statement that shows your Networth (Ari-Arian) as of a certain period of time.

The elements of the Balance Sheet are Assets, Liabilities and Capital or Networth.

Assets are those putting money or value in your container, basket or pocket.

Liabilities are those putting away the money or value from your container, basket or pocket.

Capital, in accounting is referred to as “Networth.” It is what is left when we deduct the Liabilities from our Assets.

In Accounting, the formula of a Balance Sheet is this:

Assets = Liabilities + Capital (or Networth)
 
ss_blog_claim=8131750c5d3eee988e762d665b842884 ss_blog_claim=8131750c5d3eee988e762d665b842884