This document provides a template balance sheet for a small business. The purpose of a balance sheet is to provide a snapshot view of a company's financials. It is a financial statement that summarizes a company's assets, liabilities, and owners'/shareholders' equity at a specified point in time. Each section will list several accounts. For example, the assets will commonly include accounts for current assets (such as cash, inventory, and accounts receivable), fixed assets, and other property; similarly the liabilities section will often include accounts for current and fixed liabilities - though the exact accounts listed will vary by company. A balance sheet is a useful analytical tool; it can be used to calculate working capital, current ratio, quick ratio, or cash ratio.
Balance Sheet ASSETS LIABILITIES Current Assets Current Liabilities Cash Accounts payable Accounts receivable Short-term notes (less doubtful accounts) Current portion of long-term notes Inventory Interest payable Temporary investment Taxes payable Prepaid expenses Accrued payroll Total Current Assets $0 Total Current Liabilities $0 Fixed Assets Long-term Liabilities Long-term investments Mortgage Land Other long-term liabilities Buildings Total Long-Term Liabilities $0 (less accumulated depreciation) Plant and equipment Total Liabilities $0 (less accumulated depreciation) Furniture and fixtures SHAREHOLDERS' EQUITY (less accumulated depreciation) Capital stock Total Net Fixed Assets $0 Retained earnings Total Shareholders' Equity $0 TOTAL ASSETS $0 TOTAL LIABILITIES & EQUITY $0 Balance Sheet Check OK RATIOS Current Ratio 0.00 Quick Ratio 0.00 Cash Ratio 0.00 Working Capital $0
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