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Some basic questions about balance sheets.

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What are some of the items that appear on a company's balance sheet? How does a company calculate net income? Which statements could be useful in explaining how much cash a company has used or generated during an accounting period, and why?

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What are some of the items that appear on a company's balance sheet?

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Some of the items on the asset side of the balance sheet are:

Current Assets: Cash, Accounts Receivable, Inventory

Long Term Assets:

Land and Building, Machinery

On the liabilites side, items are:

Current Liabilities: Account Payables, Short term borrowings

Long term liabilites like long term debts

Capital: Paid in capital, retained earnings

Net income ...

Solution provided by:
Sandeep Bardia, MBA
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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